Author Topic: Velocity/HELOC Payoff Strategy  (Read 3370 times)

Offline ADG

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Re: Velocity/HELOC Payoff Strategy
« Reply #20 on: November 05, 2018, 03:21:03 PM »
You want to save real interest? Get 0% BT credit cards and keep rotating them.

Does such a thing exist? or is it a joke?

Offline ChaimMoskowitz

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Re: Velocity/HELOC Payoff Strategy
« Reply #21 on: November 05, 2018, 03:24:57 PM »
Does such a thing exist? or is it a joke?
You would have to see how many cards are out there that offer 0% and no transfer fees.
I just found a new supply of forks!

Offline ADG

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Re: Velocity/HELOC Payoff Strategy
« Reply #22 on: November 05, 2018, 03:32:12 PM »
You would have to see how many cards are out there that offer 0% and no transfer fees.

I havent seen any

Offline chinagel

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Re: Velocity/HELOC Payoff Strategy
« Reply #23 on: November 05, 2018, 03:35:55 PM »
I havent seen any
chase slate, amex everyday, barclay ring z"l

Offline ChaimMoskowitz

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Re: Velocity/HELOC Payoff Strategy
« Reply #24 on: November 05, 2018, 03:51:16 PM »
chase slate, amex everyday, barclay ring z"l
There are also some credit unions.
I just found a new supply of forks!

Offline ADG

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Re: Velocity/HELOC Payoff Strategy
« Reply #25 on: November 05, 2018, 03:57:51 PM »
chase slate, amex everyday, barclay ring z"l

These are both promotional not lasting longer the few months

Offline avromie7

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Re: Velocity/HELOC Payoff Strategy
« Reply #26 on: November 05, 2018, 03:59:39 PM »
These are both promotional not lasting longer the few months
12-18 months. Rinse, Repeat.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ADG

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Re: Velocity/HELOC Payoff Strategy
« Reply #27 on: November 05, 2018, 04:56:20 PM »
12-18 months. Rinse, Repeat.

60 on balance transfers. Maybe they will give you a 20K line which is good for 15 months.

Very far from accomplishing anything like prepaying Mortgage ect.

 

Offline chinagel

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Re: Velocity/HELOC Payoff Strategy
« Reply #28 on: November 05, 2018, 07:05:47 PM »
60 on balance transfers. Maybe they will give you a 20K line which is good for 15 months.

Very far from accomplishing anything like prepaying Mortgage ect.
lol
had 250k in the bank at one point with CC balances. that thought crossed my mind a couple times but would require some serious effort to keep it up every month.
 

You can get 100k without blinking an eye with a few CC balances.
i've helped my brother recycle about 200k for the last few years