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Replace Your University
RYU
104 episodes
1 week ago
This podcast is dedicated to helping homeowners pay off their home faster using a Home Equity Line of Credit and to pay way less mortgage interest than with the traditional 15 and 30 year mortgages they are sold. Sound too good to be true? Maybe. All we ask is you listen in as your podcast host Matt Workman talks with HELOC expert Michael Lush on the different aspects of how this strategy works and why the banks don’t want you to know about it. Each episode will share more details about using a HELOC as well as featured success stories from clients of Replace Your Mortgage. If you have a mortgage and you have looked at your principal not really lowering as fast as you would like, there is a reason for that. We cover how the debt cycle with mortgages keeps repeating itself and leaves the borrower paying double for their house and in debt until retirement age. If you want to pay off your biggest debt and be able to spend more time with your family, this podcast is for you.
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Investing
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All content for Replace Your University is the property of RYU and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
This podcast is dedicated to helping homeowners pay off their home faster using a Home Equity Line of Credit and to pay way less mortgage interest than with the traditional 15 and 30 year mortgages they are sold. Sound too good to be true? Maybe. All we ask is you listen in as your podcast host Matt Workman talks with HELOC expert Michael Lush on the different aspects of how this strategy works and why the banks don’t want you to know about it. Each episode will share more details about using a HELOC as well as featured success stories from clients of Replace Your Mortgage. If you have a mortgage and you have looked at your principal not really lowering as fast as you would like, there is a reason for that. We cover how the debt cycle with mortgages keeps repeating itself and leaves the borrower paying double for their house and in debt until retirement age. If you want to pay off your biggest debt and be able to spend more time with your family, this podcast is for you.
Show more...
Investing
Business
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#96 - How Does a Sweep Account In A HELOC Work To Save You Interest?
Replace Your University
17 minutes 4 seconds
1 year ago
#96 - How Does a Sweep Account In A HELOC Work To Save You Interest?

Teaching how you can pay your mortgage off in 5 years or less. Here's how. đŸ‘‡đŸŒ

https://bit.ly/3u0XXDA


To start building the life you want: ⁠⁠https://replaceyouruniversity.com/⁠⁠


Follow Replace Your University on Instagram: ⁠⁠⁠https://www.instagram.com/the_realryu/⁠⁠


Join Us on Facebook: ⁠⁠⁠https://www.facebook.com/ReplaceYourUniversity/⁠⁠


Check out more tips and strategies on our YouTube channel: ⁠⁠⁠https://www.youtube.com/@ReplaceYourUniversity⁠


In this video, Michael Lush explains how a sweep account in a HELOC (Home Equity Line of Credit) can save you interest by automating the transfer of funds from your checking account to your HELOC. This process ensures that your money, which would otherwise sit idle and depreciate in value in a checking account, is instead used to reduce the principal balance of your HELOC. By consistently lowering the principal, you decrease the daily interest calculated on the loan. Lush highlights the efficiency and financial benefits of using a sweep account, emphasizing how it eliminates human error and maximizes the impact of your income on reducing interest costs.

Replace Your University
This podcast is dedicated to helping homeowners pay off their home faster using a Home Equity Line of Credit and to pay way less mortgage interest than with the traditional 15 and 30 year mortgages they are sold. Sound too good to be true? Maybe. All we ask is you listen in as your podcast host Matt Workman talks with HELOC expert Michael Lush on the different aspects of how this strategy works and why the banks don’t want you to know about it. Each episode will share more details about using a HELOC as well as featured success stories from clients of Replace Your Mortgage. If you have a mortgage and you have looked at your principal not really lowering as fast as you would like, there is a reason for that. We cover how the debt cycle with mortgages keeps repeating itself and leaves the borrower paying double for their house and in debt until retirement age. If you want to pay off your biggest debt and be able to spend more time with your family, this podcast is for you.