If reading this, chances are you might be struggling to pay your 30-year mortgage debt. The main problem with a 30-year mortgage is that you’re paying down a very small amount of the principal for the first 10 years or so. While it is normal to feel the heat and pressure, it doesn’t always have to be that way.

For those who have ever looked at an amortization table for their 30-year mortgage, you’ve probably seen that the vast majority of your regular monthly payment goes towards interest for the first few years. Worse, only a very small amount goes towards the principal. But as years go by, more and more of your payment goes towards the principal.

That’s where the velocity bank system comes into effect, as it helps you pay off your mortgage debt in almost no time. On paper, velocity banking allows you to reduce the balance of the mortgage much faster by paying down the principal in bigger chunks. In short, the faster you pay it down, the less you’ll pay in interest overall.

However, never leverage the velocity bank strategy for the sheer sake. To stand the velocity banking process, you’ll first have to apply for and open up a home equity line of credit. You then use the money from that HELOC to pay down your mortgage. In simple terms, you’re replacing the mortgage debt with HELOC debt.

It doesn’t end at that since you also use the HELOC as if it were a checking account. When you’re paid by your employer, you immediately deposit those funds into your HELOC account, using all of your take-home income to pay down the balance. Throughout the month, you pay for all of your living expenses with a credit card.

Once per month, you use the HELOC to pay the credit card balance and also pay your regular monthly mortgage payment. Since you have a positive monthly cash flow, you’re paying down the balance of the HELOC every month. Eventually, you’ll pay off the balance of the mortgage debt, leaving only the remaining HELOC balance to handle.