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Great Illustration!!!! Thank you for all the content you produce.

Great explanation! Im in the process of getting a first lien HELOC. I just dont have any IBC policies set up yet unfortunately

Thank you for sharing !! God bless you & your family 🙏🙏!! I’m listening and learning, I’m trying to study up on whole life,

@DenzelNapoleonRodriguez

2 ай бұрын

Good work when you are ready we can have a conversation as well to help you forward

I've had a University Bank HELOC since 2022 but I've been using the 1st Lein HELOC strategy since 2019

@DenzelNapoleonRodriguez

2 ай бұрын

Nice 👍

@donaldricher8815

2 ай бұрын

Are you at all worried if market crashes and/or lender puts a hold on your HELOC. I am thinking about getting a HELOC but not sure yet. ​@DenzelNapoleonRodriguez

@DenzelNapoleonRodriguez

2 ай бұрын

@@donaldricher8815 couple of things to keep in mind I’ll list them. Am I worried? No. Here’s why Value of my property is above 630k and my line of credit limit is 567k and I owe 385k on the line. The real estate would have to drop over 10-15%+ before the line is at risk or over leveraged. I would have to be living under a rock to not notice what’s happening to the economy and think of a strategy to protect myself. If the property does begin to drop the bank could freeze my HELOC which at that point I could just make the interest only payments on it or pay interest plus principle towards it. It would not be in the banks interest to call the entire HELOC because then I could go into foreclosure and that would be expensive for the bank. At that point I’m at an advantage to negotiate with the bank. I could also refinance the property into a conventional mortgage with a fixed payment. Last point I’ll make is this is part of the game you play when you decide to leverage debt for your benefit there is always risk. In my eyes it is a greater risk for me not to leverage because of the opportunity cost versus not doing anything and just saving my money up until I can buy something all cash. Hope this helps

Mind is blown with the whole life then to the heloc can you explain that more. Currently getting a heloc with Fsb

How are you borrowing from your insurance policy? Loan? Is your insurance company a direct recognition company?

@DenzelNapoleonRodriguez

2 ай бұрын

I am borrowing using policy loans on the available cash value. One of the insurance companies in my case study is Guardian which is a direct recognition when taking out loans. My loan rate is 5.66% the crediting rate on the borrower funds is 6%. Mass mutual is the other insurance company I have it set up as a non direct recognition I believe mass mutual is a hybrid and offers both options

@richardflosi

2 ай бұрын

@@DenzelNapoleonRodriguez Did you know you can open a line of credit secured by your policies?

@DenzelNapoleonRodriguez

2 ай бұрын

@@richardflosi yes the interest rate right now on credit lines are about 2-3% higher than my loan rate.

What are you paying per month/year for the life insurance and which policy do you have?

@DenzelNapoleonRodriguez

2 ай бұрын

The numbers are listed on the bottom right where it says max fund. All 4 policies are funded annually and there all Whole life policies

@denzelnapoleonrodriguez why did you use a HELOC vs the All-In-One mortgage? The AIO seems like a cleaner strategy. Was it a cost issue? I know you have a few videos on the AIO but I wanted to know your reasoning on this.

@DenzelNapoleonRodriguez

2 ай бұрын

The All in one loan and a 1st lien HELOC are the same product just different names. The closing costs of the AIO is more expensive than the bank I went with. I also get a nice head start with the intro rate. Lastly my rate changes every 6 months as opposed to every month so I have less fluctuations even tho my rate is variable just like the AIO

This concept is so powerful if this actually works. Isn't first lien HELOC required to have a certain loan to value ratio to get approved for? I didn't heard any details about it

@DenzelNapoleonRodriguez

2 ай бұрын

Yes if you take a look at the left hand side I break down what I had to go through in order to get approved for the 1st lien HELOC. 90% is the LTV so you have to put at least 10% down in order to get approved along with other requirements that I mentioned in the beginning of the video

Great video with lot of details! But how to prepare for cash flow, how long it takes for it to get where we borrow for investing, how long would it take to move debt to whole life from heloc .. with round numbers and yearly increase in wealth and debt balance in various tools will help absorb some of these concepts, sequence of events for planning and see the benefits over time. Thank you!

@DenzelNapoleonRodriguez

Ай бұрын

All of your questions answered here in this playlist I show my numbers over the last couple of years tracking my progress and sharing all of my rules and conceits I use to manage all of these things overtime kzread.info/head/PLnF-b0Fck4LjEzOv1YrLRC2IolOVhSHRk&si=gNXOrVfQ_2pG6TmI

The whole life insurance is very good. Do you have a video that talks more deep into it?

@DenzelNapoleonRodriguez

2 ай бұрын

Yes I have case studies on that as well here is a playlist I put together covering the Strategy I use for whole life insurance - kzread.info/head/PLnF-b0Fck4Lh7IxsamoU6WIQUrQ7WfQ3w&si=szOEGMFtpYAg694E

@passivebusinessmoneyinvest8810

Ай бұрын

I need to connect to university bank.thanks

Hello Denzel, in the broadest sense, are HELOCs and HELOANs categories of loans? Or, are they categories of mortgages? I read on the Consumer Finance Protection Bureau that they are loans specifically second mortgages.

@DenzelNapoleonRodriguez

Ай бұрын

Correct it is a lien on the property either in the 1st position or 2nd in this video I am breaking down my first lien HELOC which is a mortgage in the 1st position. Let me know if that helps.

@DrFinancialLiteracy

Ай бұрын

@@DenzelNapoleonRodriguez Awesome. I just secured a $50,500 HELOC to pay off 1 of 3 mortgages and some bills. Now I will treat it like a 1st Lien HELOC. Next, I will go back to my lender or other to actually get a bonafide 1st Lien HELOC on my 2 other properties. Thanks stay blessed.

@DenzelNapoleonRodriguez

Ай бұрын

@@DrFinancialLiteracy it may not be wise to have multiple credit lines because of the interest rates on the other properties. Its usually better to have one tool and flow everything through that tool that’s just me look at my numbers in the videos and see where I’m coming from

Hi: Can you please send me the information of the university bank ? God bless you.

@DenzelNapoleonRodriguez

26 күн бұрын

www.university-bank.com/

I WILL BE USING BUT WHOLE LIFE AND IUL.

@DenzelNapoleonRodriguez

Ай бұрын

Clarify what you said for me

@passivebusinessmoneyinvest8810

Ай бұрын

That means I will use whole and index universal life insurance to accelerate my debt pay off and create investments.

@DenzelNapoleonRodriguez

Ай бұрын

@@passivebusinessmoneyinvest8810 got it awesome 👏