A guide to velocity banking calculator
Before people can buy a house, they require a mortgage from the bank unless they can pay the total amount out of their pocket. However, a traditional mortgage has several problems attached to it, including the eligibility requirements and the burden of carrying a debt for a long time.
Velocity banking, where you use HELOC (home equity line of credit) to pay off your mortgage by using it as your primary account, is a good option. When you have clients who find it difficult to understand the concept, a velocity banking calculator will help you in many ways, from introducing them to its various benefits to providing them with valuable recommendations based on factual data.
But what are the few examples of banking calculators, and what makes them so effective?
What is velocity banking?...