Summary Info
  Go To: Bank Equity
  Home Equity Features
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Use your home equity to finance college expenses such as tuition, housing and other expenses as needed.

Your best option is using the bank equity program: see demo

Home Equity Loans

your location: SayStart.com home ... private student loans
about bank equity

Using Your Bank Equity to Finance College
and pay for education expenses — use the credit line as your personal banker to manage college money needs without federal forms and processing. You control the process.

Loan Amounts: subject to the LTV value of your home
Payments Begin: 25-30 days after a line disbursement
Interest Rates: variable and subject to your LTV position
No Restrictions: can use funds for any expense

For Information Below:

consumer lending
budget tracking wkst
consumer lending information
Bank Equity Program:

Summary Information

Banker Home Equity Line of Credit (BLOC)

You will use the BLOC as your personal money account to finance college and manage all income and expenses.

You will deposit into the account:

·  all income payments
·  all bonuses
·  all capital gains not reinvested
·  all cash payments
·  all other income

Likewise, you will use your BLOC to pay:

·  your mortgage payment
·  your insurance
·  your credit card payments
·  your living expenses
·  all other expenses

 

The BLOC will Maximize Your Money Position

Your BLOC will take your discretionary income (total income minus expenses) and use the proceeds to finance college, pay down your mortgage, help finance key projects, and pay for other needed events at minimum interest cost.

You will never make a payment to your BLOC since your income deposits will be your payment. And since HELOCs are based on simply interest, these deposits will force adjustments to your equity line balance ensuring you minimal interest charges.

we have a complete demonstration with illustrations on how the BLOC can work for you


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Bank Equity Program:

Program Illustration

Effective Money Management

You can use the equity in your home to become a BANK
to pay for

  • tuition,
  • room and board,
  • books and supplies,
  • transportation,
  • and anything you need for college,

    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 illustrations below:

1st: Use the equity in your home to finance college

Use your equity line to pay for:

  • pay tuition
  • pay room and board
  • pay for supplies
  • pay for misc. needs

2nd: 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. You will deposit:

  • salary income
  • capital gains
  • savings
  • spare change

3rd: Now use your banker home equity account to pay family expenses

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

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


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

Benefit: Your discretionary income pay offs your college borrowing costs FAST!

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

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

You can use your banker account to finance all kinds of family needs including paying off your mortgage.

Where to Next

 
 

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