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Is Velocity Banking Right For You? 5 Key Questions Before You Decide

Picture this: You’re staring down the barrel of a 30-year mortgage, the monthly payments feeling more like a heavy chain than a step towards homeownership.

Now, imagine stumbling upon a promising shortcut. This is where “velocity banking” comes into the picture.

It’s a term that’s been buzzing around, tempting, yet a bit mysterious, especially if you’re diving in for the first time. You might be wondering, “Is this the golden ticket to paying off my home early? Or is it just another financial fad that’s too good to be true?”

Here’s the deal: By the end of this article, you’ll have a clearer picture of what velocity banking is all about and, more importantly, if it’s the right fit for you.

This post originally appeared at The Budget Mom.