Elliot Hallum, a Williamson county realtor, used to be the guy slaving away to pay off his mortgage (like most people) with dreams to own some investment properties; now he has access to cash for those promising real estate deals.
No, he didn’t win the lottery or increase his income, he simply learned how to better use his current assets to FIGHT INTEREST and pay off his principle more quickly.
Let’s take a look at what changed for Elliot:
The Big “Death Pledge” Problem:
Elliot Hallum used to be an average guy with a standard 30-year mortgage, working himself to the bone to pay it off.
Unfortunately, this debt that hundreds of millions of Americans have to incur was keeping Elliot from pursuing his true passion:
Elliot always had a knack for finding killer real estate deals...trouble was, he never had the liquidity to capitalize on them HIMSELF. He always had to pass the opportunity along to “the guys with the big bucks.”
This really bothered Elliot. He studied the numbers and knew his income wasn’t the problem...it was his MORTGAGE:
The reason banks say these are “the norm” is because they make a TON of money from mortgages...that’s why they push them so hard.
Luckily, Elliot decided to investigate other options...and that’s when he learned about Home Equity Lines Of Credit (HELOCs for short)
The Solution:
A HELOC is a less-well known type of financial product that allows you to utilize the full amount of your assets to FIGHT INTEREST and pay off larger chunks of your home’s principle QUICKLY.
It’s what the wealthy have been using for YEARS and the tool Elliot used to shorten his payoff period from 27 years.
So why haven’t you heard of them?
Because banks don’t make money from them. Banks are in the business of making money so they sell the most profitable product...which results in you paying nearly twice the value of your home.
They neglect to mention the products that are best for YOU, and that’s why we created Replace Your Mortgage.
In fact, here is a video of Elliot talking about the transition and his succes story.
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Who We Are:
Hi there, I’m Michael Lush and I’m a recovering mortgage broker who spent 15 years pushing standard mortgages.
I say “recovering” because three years ago I stumbled across HELOCs and, after going through the process myself, started teaching others like Elliot how to use HELOCs to pay off their homes in 5-7 years.
Since then, my partner David and I have helped over 525 people navigate the HELOC process and accelerate their payoff period.
How We Can Help:
Most people are skeptical when first hearing about us because "it's not what everyone else is doing."
Elliot was the same way and that’s why we told him to start small: We told him to get a copy of our FREE ebook to learn more about how the process works.
Once he saw that what we talk about is MATH, NOT MAGIC, he decided to make the leap.
Now he can use all of the money that would have gone towards interest payments on a standard mortgage to doing the things he really wants...like investing in HIS OWN REAL ESTATE DEALS:
“Right now, I'm maintaining a sizable amount of liquidity in the HELOC so that when a great opportunity arises I can pay cash and close quickly.
I'm not limited to properties that can get financing. That gives me an advantage over other investors.”
So if you're serious about finding a way to acquire more real estate investment deals (and not lining a bank's pockets by paying interest on your mortgage), subscribe below to get your free copy of our ebook.
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In this video, we go over the basic's of what we teach here at Replace Your Mortgage which is to pay off your mortgage faster and quicker with a home equity line of credit (HELOC) instead of getting a traditional mortgage loan from a bank.
Hey gang, Michael Lush. I'm a fourteen recovering mortgage banker. What I want to talk to you about today is the basics of what we teach, using a home equity line of credit to pay off your mortgage in five to seven years literally without changing your budget. What I want to explain to you guys today is a little concept that I came across about four years ago. I had a mentor of mine, a very wealthy individual, explain this to me. One this that he explained to me is that a checking and savings account is actually a liability. I always thought of it as asset which really surprised me.
I thought if you had a bunch of money in your checking and savings account, that's quite a bit of an asset. In fact I was completely wrong because today banks are giving you about a zero percent rate of return on your checking and savings account. However inflation is going up on average about one point six percent. Technically your money is moving backwards. What he explained to me is that money cannot remain stagnant, it's either got to north or south.
You're actually losing money every day by putting your money in a checking and savings account, thus your checking and savings becomes a liability. What we're going to do is we want to show you how to bypass that systemic problem and actually use a home equity line of credit as your checking account, because what's cool about a home equity line of credit is it's open ended. Money can move in and out freely, twenty four seven, three hundred and sixty five days a year.
Instead of using your checking account and allowing the bank to then turn around and give your own money back to you in the form of mortgages, credit card and car loans, we're actually going to use a home equity line of credit. You're going to deposit all of your money into a home equity line of credit just like it was your checking account and then you're going to pay your bills out of it just like you would as a checking account.
By doing that you're actually going to accelerate the payoff of your mortgage and cut your mortgage at least by one third. Hold up. I don't think that's right. You're cutting by two thirds actually. You're getting it paid off one third at a time. Instead of having thirty years to pay for a mortgage you're actually going to get a home equity line of credit using your existing cash flow and nothing more, not paying more, not paying less, just changing where your cash goes and you're going to get a home equity line of credit paid of in five to seven years.
Now this is the basic concept of what we teach. We actually go further in depth and we get in some extremely advanced strategies that can accelerate it even further. This is a great tool to build wealth and we get into those as well. Be sure to check out our other videos and subscribe to our channel here. Look forward to hearing from you. Take care gang, God bless.
