Top Assumptions of the Velocity Bank System from Alina Mark's blog

Not many can dare to ignore what the velocity banksystem adds to their life. And this doesn’t come as a surprise considering it brings about numerous benefits. This is mostly the case when planning to pay off your mortgage within the shortest time possible.

From an increase in monthly cash flow and quick debt reduction to creating financial independence, you will never regret your decision after leveraging the velocity bank system. But as appealing as it sounds, many assumptions exist regarding this strategy.

No wonder you should take the initiative to acquaint yourself with them before taking the next course of action. With that being said, below are some of the common assumptions of velocity banking.

You Must Save on Interest Payments To Pay Your Mortgage Fast

Among the most notable things to keep in mind is that the velocity bank system relies on the assumption of saving on interest to benefit from paying off your mortgage quickly. While the interest payments might add up to the extent of being stressful, they are not precisely the most important factor. After all, you could find yourself spending all of your free cash once you get caught up on saving interest.

Quickly Paying Off Your Mortgage is a Vital Financial Decision

You might already be aware of the fact that the velocity bank system relies on the assumption that homeowners should pay off their mortgage as quickly aspossible.But what if you’re not ready to pay off your mortgage that early?

Whereasyour home is the most effective liability; there is nothing with having a mortgage on it. Actually, you could be better off paying off your mortgage slowly. This is, of course, as you use your free cash flow to build cash value.

Final Thoughts

Truth be told, there is nothing wrong with leveraging what thevelocity bank system offers. But first ensure you do your homework to better understand how it works before jumping to conclusions. This is the only way to avoid leaving room for mistakes the moment you get going.