In today's episode, we dive deep into everything about HELOCs. Come and learn the exact strategy Taylor Welch uses to pay himself for living in his own house.
Michael Lush describes himself as a recovered mortgage loan officer ... \"I made a great living as a mortgage loan officer because I BELIEVED I was doing what was best for my clients. They wanted a new house, I got them the lowest interest rate possible... batta bing, batta boom, big commission checks.
Then one day I bumped into a wealthy mentor who showed me what was wrong with what I'd been doing for the last 15 years.
Instead of landing his wealthy client's mortgage business, I discovered how the wealthy finance their homes using lines of credit. Many nights I was up until 1 am researching and that’s when I discovered first lien HELOC’s.
Armed with this bank secret, I decided to create a class where I started teaching others how to pay off a home much faster than a mortgage. I included a bank list that offers all kinds of HELOC’s. None of them are the same since they are portfolio loans.
The response was incredible, but I didn’t want just my close friends and clients to benefit from this. I wanted to reach as many people as possible so families aren’t trapped for 30 years.