About the Bank Equity Program

Use the equity in your home to become a BANK

To pay for:

  • supplies,
  • home materials,
  • contractors,
  • home decor,
  • and anything you need for your home remodeling project,

    by simply changing the ways you manage your money

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

View the illustrations below:

1st: Use the equity in your home to pay for home remodeling

Use your equity line to pay for home remodeling costs:

  • pay contractors
  • pay for supplies
  • pay for materials
  • pay for home decor

2nd: Deposit all of your scheduled income sources into your banker home equity line of credit account

You will take all of your scheduled income sources and deposit them into your equity line account instead of your checking account. 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 bills
  • food and clothing
  • mortgage payment
  • budgeted card charges
  • budgeted debt 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 home remodeling costs FAST!

Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the home remodeling 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 personal debt, a new car, college and other.

Need More Information?

  • First Step:
    link to our bank equity module to view this quick 10-point slide show that demonstrates how the Banker Line of Credit works:
    go to slide show

  • Second Step:
    use this 10-step success plan for implementing and managing your BLOC:
    view 10-step success plan

  • Third Step:
    see how the BLOC can be used to pay off your mortgage:
    view mortgage payoff plan

 

 

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