All About HELOCS with Michael Lush
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.