hey what's going on guys it's Sam Kwak one of the Kwak Brothers and chances
are you guys may have seen our video how to pay off your mortgage in five to
seven years in regards to our keylock strategy aka the accelerated debt
reduction strategy now I've been getting a lot of emails and messages on social
media about the Excel calculator and where to get it and quite honestly guys
we didn't have our own version we in half our calculator we didn't have one
so Daniel and I went to work and we created a calculator with knew which
ready for it we're giving away four for eight now I'm gonna go ahead and include
the download link in the link description below but before I do before
you jump on it I want to show you guys what it looks like and I want to also
highlight another bonus they're gonna throw in there which is a a book an
e-book that we wrote about the strategy how to strategy works I know a lot of
you guys are skeptical about like why would you ever use a line of credit
which is a higher interest rate to pay off a mortgage which typically has a
lower interest rate and a line of credit so we're gonna answer those questions
for those skeptics out there and for those who have questions about this the
strategy we have written an e-book for us to explain how the strategy works and
it comes with a calculator so it's gonna really help you guys sound on a path to
really understand how the strategy works and get on us and get on a track where
you can start implementing the strategy so let me go and share my screen with
you guys so I can show you not only the e-book but also the calculator as well
okay so what you guys are looking at is the debt free secrets a book that we
just wrote and released and this is also going to be part of the download as well
so again if you guys want to get the download link it's gonna be me link
description box below and what I'll do is I'll go ahead and include it in the
comment section so that you guys won't miss it now before you download I would
appreciate you guys to beat the SUBSCRIBE button give us a thumbs up to
this video and also make sure you hit the bell icon the notification icon to
get any future videos regarding to the HELOC strategy cuz you don't want to
miss it so here's the e-book here's our book it's about 25 pages long we thought
about running a hundred eighty hundred sixty pages worth of content but
honestly guys all busy adults we we're all working and
also I want to spare you guys from all the boring stories and anecdotal things
I went straight to the point to the facts and I tried not to waste your time
right with reading a long dreaded book so with this quick ebook you guys are
gonna get to see why the strategy works how it works
and some of the questions that you guys might have objections to the strategy
and it will really get you guys be in a position where you'll have some
groundwork understanding of how the strategy works okay and I have some
other resources that I throw in there including our special training webinar
that you guys can take take a look at which is about an hour and a half hour
and a half long yeah about an hour and an hour hour and a half long you guys
will get access to that as well now let's get to the exciting part the
calculator right so you guys been waiting for this and as soon as you guys
download it you guys open the excel sheet and you guys are gonna meet on
Microsoft Excel or whatever you can open a an excel file so make sure you guys
have that as soon as you open up you guys will read our disclaimer and
disclosures you guys can meet that if you guys want to pause before he
downloaded you guys can read it down below is where the fun part begins
so here right here you're gonna go and punch in your loan information whether
you're working with a mortgage you're working with a car loan you're working
with student loans this calculator will work for those types of situations as
well so you're gonna go and punch your balance let's say average twenty fifty
thousand dollar house and you have one hundred and seventy five thousand dollar
balance left and your mortgage let's say is three point seven five percent okay
thirty-year mortgage and what's really cool is that the payment amount will
automatically calculate for you so that you have to figure it out now you may
you might be saying well that's not my payment amount this payment amount guys
is your P&I so pay your principal and interest are part of the payment amount
okay if you need to include your taxes can you assurance you're gonna include
that in your living expenses as well okay so you're gonna go ahead
put your monthly income you know put your living expenses excluding your
monthly must be payment for your loan but do add back your property taxes and
your home insurance because they are considered an expense okay make sure you
add that back and go ahead and put in your line of credit information so
that's your he lock your P log and personal on a credit business line of
credit whatever line of credit you're using you guys are gonna use you gotta
go and put the amount that you want now I know some of you guys will prefer to
replace your entire mortgage with the HELOC so that that could work that will
work the same way or you can do a second position HELOC strategy which involves
and getting a smaller amount for the HELOC and then taking the tailee HELOC
limit that you have and applying a principal payment against c mortgage
that's another way to do it so in this example we're doing the the second
option which we're taking a smaller amount okay keylock at 7% interest rate
and what's really cool is that conveniently you guys will get the
results right here according to this scenario to the
calculator with this number you guys are gonna get to pay off your mortgage in
4.9 years your original interest was sixty two thousand and two hundred
thirty dollars your your new interest using this strategy is going to be
seventeen thousand five hundred sixty-seven dollars
okay the total interest saved is forty four thousand six hundred sixty three
dollars so that's basically taking the original interest subtracting the new
interest and that's how much you're gonna save guys forty four thousand
dollars in this scenario it's pretty cool what if we amp this up to like five
hundred thousand dollars okay and let's say you have a three or fifty thousand
dollar balance and let's say your must income has to go up because obviously to
qualify for that type of amount your debt to income ratio has to has to be
there right so let's say you are making this example ninety five hundred you're
living Spence's is six thousand okay that's again - the monthly payment that
you're making here you got 4.5 years okay $124,000 was
the original interest $30,000 new interest ninety four thousand two
hundred sixty two dollars for interests eight okay so it gives you a really cool
ballpark estimate as far as now I do not think they give you a disclosure and I
know you guys probably read the disclaimer already but no calculator out
there is gonna be super duper accurate for this strategy because everyone has a
different situation and they have a unique scenario so this calculator is is
meant to be more of a ballpark estimate it's not meant to be like higher percent
accurate like on the dot type of thing this is more so hey this is the possible
outcome of what what could be your new reality okay so guys go and download
this it's gonna be get it's gonna be in the link description down below just
click on it you guys are gonna be asked to fill in your first name and email so
that we know where to send the calculator to you guys and yeah guys I'm
super duper excited for you guys to take this information and implement it take
it to heart and if you guys have any questions go ahead put them down below
the YouTube channel YouTube video I'm gonna go and check and answer some
questions for you guys other than that you guys are gonna get
access to my email when you when you download the calculator so you guys will
have access to that as well guys thank you so much I hope you guys enjoy this
gift and I will see you guys in the next video take care hey what's going on
everybody if you like what you saw in the video or you want to check out more
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speed is important so enjoy today guys during night much love to you see you
guys later