‘Accelerated Banking Review: Legit Strategy or Online Hype. The Truth’
Accelerated Banking, a financial services company founded by the Kwak Brothers, promises homeowners a unique way to pay off their mortgages faster. Dubbed Accelerated Banking, this strategy uses concepts like velocity banking and mortgage acceleration to help homeowners save both time and money. While some may question the legitimacy of this approach, the overwhelming positive reviews and testimonials suggest that Accelerated Banking is indeed a valuable service offering real results.
Sam and Daniel Kwak, also known as the Kwak Brothers, developed an interest in real estate and finance at an early age. Their journey led them to discover the Accelerated Banking concept at a financial seminar in 2016. At first, Sam Kwak admits he was skeptical, saying, It didn’t make sense to me. I asked, ‘Why would anyone use a high-interest rate HELOC to pay off their mortgage?’ However, after delving deeper into the math and mechanics behind the concept, he had a change of heart. Sam Kwak eventually created a YouTube video to explain the strategy to a broader audience.
The YouTube video quickly gained traction, garnering millions of views and generating a flood of inquiries. As the interest grew, the Kwak Brothers decided to formalize their knowledge into a company dedicated to helping homeowners pay off their mortgages faster. In 2019, they launched ‘Accelerated Banking’ as an official platform.
So, how does the Accelerated Banking concept work? The strategy revolves around utilizing a line of credit, typically a Home Equity Line of Credit (HELOC). However, Sam Kwak emphasizes that a line of credit isn’t always necessary to implement the strategy successfully. Essentially, homeowners using Accelerated Banking apply a substantial principal payment to their mortgage using the line of credit. The unique aspect of the line of credit lies in how interest accrues. By depositing their income or savings into the line of credit, homeowners reduce the daily balance, subsequently reducing the interest charged. The best part is that homeowners can still access the funds whenever needed for expenses.
One key element of the strategy is the daily interest calculation. Sam Kwak highlights the sensitivity of the line of credit to the daily balance, stating, The longer we keep the balance low, the lower our interest cost is. Many initially doubted the legitimacy of the concept, including Sam himself, before fully grasping its inner workings.
The high-interest rates on many HELOCs today may raise eyebrows. However, Sam Kwak explains that the focus should be on time and balance, not merely the rates. Instead of fixating on interest rates, homeowners utilizing Accelerated Banking concentrate on minimizing their average daily balance as it directly affects interest costs and time.
The evidence suggests that Accelerated Banking is indeed a reputable company offering legitimate services. With an A+ rating on the Better Business Bureau and an Excellent rating on Trustpilot, backed by hundreds of positive reviews, the company’s track record speaks for itself. Clients like Michelle Carr and Shinhee C. share their success stories, expressing gratitude for the knowledge they gained through Accelerated Banking.
Sam Kwak acknowledges that the strategy may not suit everyone’s needs. However, its overwhelmingly positive reception and consistent results make a strong case for its legitimacy. Homeowners interested in exploring this unique approach can schedule a free consultation with Accelerated Banking to see if it can help them save both money and time.
In conclusion, Accelerated Banking’s unique mortgage acceleration strategy has proven itself as a valuable and legitimate service. The positive reviews, high ratings, and real-life success stories demonstrate the effectiveness of their approach. While homeowners must weigh their individual circumstances, it is clear that Accelerated Banking is making a positive impact in the realm of mortgage repayment.
DISCLAIMER: This article is not an endorsement of Accelerated Banking or its services. Readers are advised to do their own research and consult with professionals before making financial decisions.
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