Hi Denzel, thanks to your teaching, I just got a revolving simple interest HELOC with a credit union for 23K. I closed in 12 days. My interest rate is 5.5 with an intro rate of 3.7 for 12 months. Now I need a Stategic stragedy and want to work with you. Just joined as a $10/ month member last week. Your teaching is awesome.
S L I love it good work getting that done click on the link in the description for a 1hr coaching call or you can join one of the higher tiers 3 or 4 so we can get together 1 on 1
S L I saw I’m at a workshop right now for my business but I will send you an email to book our first call together. Also it’s not 30 days you have me for life so hope that gets you more excited 😆
I think the prerequisite is, Getting the line of Credit of $10,000. I mean, I think most of us can barely get $5,000, nevertheless $10,000. Unless I'm missing something.
I make about $2,900 a month and my mortgage is $ 644.00 a month 47,000 k balance I have 7 years left and with a vehicle balance of 16,000, I have Equity of over 200,000 k, would that matter if I take out 50,000 or would you still not recommended taking that much out
Hey Denzel, I'm confused. My understanding is that interest only refers to the minimum payment you make. All your money should be going into the HELOC as a payment so "interest only" won't matter unless you get in a bind. Then your payment will be less until you are past the trouble. Where a P&I heloc will have an even higher required payment when you are already hurting. Interest only is bad for sure when it applies to a loan, like a mortgage, but who cares when you are accelerating the principle anyway? Did I miss something?
@@DenzelNapoleonRodriguez Understood. I'm trying to plan ahead for once in my life so I don't get in a bind. It's moving slow right now but it's moving in the right direction. Keep up the good work.
Hey Denzel, I have an amoritized loan $9,300 at 2.99%, but I would like to pay it off faster to gain more cash flow, but I have PLOC at with a credit limit of $4,900 at 19.59%. I was thinking about chunking $500-$1,000 at a time based on my cash flow. Is the rate too high even if it will payoff the personal loan a year and a half earlier? I would just like to add the personal loan payment back into my cash flow.
YsraeliteCulture what device are you listening on because this is a first I’m hearing this on my new videos I use one of the best mics available right now. If you compare to my older videos you’d notice the difference
HI DENZEL. I'VE GOT A QUESTION FOR YOU. I HAVE GOT A LOC FROM A CREDIT UNION. ACTUALLY IT WAS DADE COUNTY FEDERAL CREDIT UNION, I LIVE IN MIAMI AREA. WHEN I APPLIED, I MADE SURE THAT IT WAS SIMPLE INTEREST LOC AND THAT IS WHAT THEY SAID. BUT WHEN WITHDRAW THE FIRST AMOUNT OF MONEY FROM IT AND STARTED PAYING BACK I REALIZED THAT EVERY TIME I MADE A PAYMENT THERE WAS CERTAIN AMOUNT THAT WAS INTO PRINCIPAL AND OTHER TOWARDS INTEREST AND I WAS SHOCKED. WHY IF IT IS SIMPLE INTEREST LOC THAT COULD HAPPENED? ANY ADVICE ON IT?
Hi Denzel, thanks to your teaching, I just got a revolving simple interest HELOC with a credit union for 23K. I closed in 12 days. My interest rate is 5.5 with an intro rate of 3.7 for 12 months. Now I need a Stategic stragedy and want to work with you. Just joined as a $10/ month member last week. Your teaching is awesome.
S L I love it good work getting that done click on the link in the description for a 1hr coaching call or you can join one of the higher tiers 3 or 4 so we can get together 1 on 1
Congrats on getting a HELOC. Pretty nice interest rate as well. Now you can do some damage after you hook up with Mr. Rodriguez.
Denzel, just purchased your 30 day program. I look forward to working with you and fixing the money thing!👍👏🎉😃
S L I saw I’m at a workshop right now for my business but I will send you an email to book our first call together. Also it’s not 30 days you have me for life so hope that gets you more excited 😆
I guess I received the perfect line of credit. I hit the green light on all the points discussed here.
I have learned a lot from this video. Thanks a Bunch !
my PLOC rate is 5.65% variable.
I think the prerequisite is, Getting the line of Credit of $10,000. I mean, I think most of us can barely get $5,000, nevertheless $10,000. Unless I'm missing something.
I make about $2,900 a month and my mortgage is $ 644.00 a month 47,000 k balance I have 7 years left and with a vehicle balance of 16,000, I have Equity of over 200,000 k, would that matter if I take out 50,000 or would you still not recommended taking that much out
Thanks great info!
Hi. Great contents. Why did you recommend zeroing out your chunk in 6-9 months? What if it takes longer say 15 months?
Hey Denzel, I'm confused. My understanding is that interest only refers to the minimum payment you make. All your money should be going into the HELOC as a payment so "interest only" won't matter unless you get in a bind. Then your payment will be less until you are past the trouble. Where a P&I heloc will have an even higher required payment when you are already hurting. Interest only is bad for sure when it applies to a loan, like a mortgage, but who cares when you are accelerating the principle anyway? Did I miss something?
unless you get in a bind key word. Every single case I work on people are in a bind. Like thats why everyone is watching for the most part
@@DenzelNapoleonRodriguez Understood. I'm trying to plan ahead for once in my life so I don't get in a bind. It's moving slow right now but it's moving in the right direction. Keep up the good work.
Hey Denzel,
I have an amoritized loan $9,300 at 2.99%, but I would like to pay it off faster to gain more cash flow, but I have PLOC at with a credit limit of $4,900 at 19.59%. I was thinking about chunking $500-$1,000 at a time based on my cash flow. Is the rate too high even if it will payoff the personal loan a year and a half earlier? I would just like to add the personal loan payment back into my cash flow.
Priceless information brother, but can you please raise the mic volume.
YsraeliteCulture what device are you listening on because this is a first I’m hearing this on my new videos I use one of the best mics available right now. If you compare to my older videos you’d notice the difference
Denzel Napoleon Rodriguez mac book pro, it might be my speaker?
Maybe I should be loud lol
@@ysraeliteculture5736 try using ear buds or Beats headphones maybe. I can get more volume that way sometimes when using my macbook.
?a heloc
HI DENZEL. I'VE GOT A QUESTION FOR YOU. I HAVE GOT A LOC FROM A CREDIT UNION. ACTUALLY IT WAS DADE COUNTY FEDERAL CREDIT UNION, I LIVE IN MIAMI AREA.
WHEN I APPLIED, I MADE SURE THAT IT WAS SIMPLE INTEREST LOC AND THAT IS WHAT THEY SAID. BUT WHEN WITHDRAW THE FIRST AMOUNT OF MONEY FROM IT AND STARTED PAYING BACK I REALIZED THAT EVERY TIME I MADE A PAYMENT THERE WAS CERTAIN AMOUNT THAT WAS INTO PRINCIPAL AND OTHER TOWARDS INTEREST AND I WAS SHOCKED. WHY IF IT IS SIMPLE INTEREST LOC THAT COULD HAPPENED? ANY ADVICE ON IT?
Juan Carlos what is simple interest
Man you not paying attention to the videos that is how simple interest works you get charged a daily interest rate.
I am trying to reach you
Margaret Chambers I’m answering you check your emails and turn on your notifications