Using Your Home Equity as a Bank

Introduction


Use the equity in your home to become a banker
by simply changing the ways you manage your money.

Instead of using your checking account to receive and payout funds, you will use your home equity line of credit account for all income deposits and expense payouts.

View the illustration:

Use the equity in your home to pay off debts

First step is to payoff consumer debt using your banker home equity line of credit account. Pay down:

  • credit card debt
  • auto loan debt
  • consumer debt
Next, deposit all of your income into your banker home equity line of credit account

You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:

  • salary income
  • capital gains
  • savings
  • spare change
Now use your banker home equity account to pay expenses

Use your banker home equity account to pay for everyday budgeted and planned expenses such as:

  • monthly bills
  • food and clothing
  • mortgage payment
  • budgeted card charges
  • other living expenses


use it like you would
use your regular
checking account
to pay for everyday
living expenses

Your discretionary income pay offs your debt balances FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the debt balance.

Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line.

You can also use your banker account to finance other needs such as college, a new car, home improvement, and other.

Need More Information

View our 10-point slide show that demonstrates how the Banker Line of Credit works: go to slide show

After the slide show, link to our 10-step success plan on how to maximize the benefits of the banker line of credit: view 10-step plan

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