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Lizy Hoeffer

Good Debt vs Bad Debt

04. 15. 19

Hello and Happy Monday! After our last video on credit I received a bunch of emails about what kinds of things would maximize score potential. I recorded today's video to talk about the three most commonly asked questions regarding what is good debt, bad debt, credit usage, and how long you should keep open lines of credit. The truth is that credit usage can be subjective depending your financial situation, spending habits and current credit profile. The tips I am...

What the heck is Velocity Banking and is it really a good idea??

04. 09. 19

This week’s Money Tip is all about the Velocity Banking! You will hear or have heard about this strategy after you become a homeowner. It’s one of the most popular mortgage searches on internet and so I wanted to give a comprehensive breakdown so you can decide if this practice is good for you! For starters… what the heck is Velocity Banking? Velocity Banking also known as the “HELOC Strategy” is a personal finance approach that uses a home equity...

World’s Easiest Job?!?

04. 01. 19

If anyone understands that you aren’t living your life to qualify for a home loan it’s me! Nevertheless these five things can add extra stress & even prevent you from buying a home all together! Don’t let this happen to you! 1. Applying for new debt!!! I know it’s exciting and they are having 0% interest sale on appliances, but verifying this new payment can delay your closing and even impact your debt to income ratio so much that you...