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Lizy Hoeffer

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...

The 7 Income Streams of Most Millionaires

03. 25. 19

Have you ever thought to google the money practices of Multi-Millionaires? This was the revelation I had about a year ago after a lunch with a good friend who said she was working on creating “7 Streams of Income”. This she said was the common practice of the wealthiest people in the world based on some research study. Up until this point it never occurred to me to do practical research on our countries most affluent, but you can best...