Important Disclaimer

Please read before using VeloBank

Not Financial Advice

VeloBank is an educational tool designed to help you understand velocity banking and debt elimination strategies. The calculations, projections, and information provided are for illustrative purposes only and do not constitute financial, investment, tax, or legal advice.

Consult a Professional

Before making any financial decisions — including opening a HELOC, making large chunk payments, or changing your debt repayment strategy — you should consult with a qualified financial advisor, CPA, or licensed professional who can evaluate your specific situation.

Results May Vary

Velocity banking involves risk, including variable interest rates, potential fees, and the use of debt to pay debt. Projected savings and timelines are estimates based on the data you provide and may not reflect actual outcomes.

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Welcome, Pilot

Let's prepare your financial mission

What is Velocity Banking?

Velocity banking is a debt elimination strategy that uses a line of credit (like a HELOC) to make large "chunk" payments against your debt principal. By parking your paychecks in the LOC and paying expenses from it, your daily balance stays low — reducing interest. Your monthly cash flow then pays off the LOC, and you repeat the cycle.

This wizard will walk you through each piece of financial data we need. At each step, we'll explain WHY it matters for velocity banking.

Pre-Flight Checklist

Your debts (mortgage, loans, credit cards)
Your income sources
Your monthly expenses
Your line of credit (HELOC, PLOC)

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