Why It Works
A traditional mortgage charges interest on your full balance every month regardless of what's sitting in your checking account. The Luminate Smart Equity Loan changes that — every dollar of income you deposit immediately reduces the balance interest is calculated on.
Income sweeps in daily — reduces your actual daily balance
Interest charged on your actual daily balance only — not your starting monthly balance
Net surplus (income minus expenses) chips away at principal every month
The higher your income surplus, the faster the balance falls — compounding the effect over time
Actual Daily Balance — visualized
Net result: every month you pay interest on a lower actual daily balance than the month started with
The Strategy
Side by Side
| Feature | Traditional Mortgage | Luminate Smart Equity Loan |
|---|---|---|
| Interest method | Monthly on full balance | ✓ Actual daily balance — only on the balance remaining |
| Income timing impact | ✗ None — fixed P&I regardless | ✓ Every deposit reduces the balance same day |
| Separate payment required | ✗ Fixed P&I every month | ✓ No fixed payment — interest on the actual daily balance only |
| Access to equity | ✗ Locked — requires cash-out refi | ✓ Available anytime via line of credit |
| Accounts needed | Mortgage + checking + savings | ✓ One account replaces all three |
| Line life | Fixed amortization schedule | ✓ 30-year line — flexible draw & paydown |
| Rate type | Fixed (predictable) | Variable (SOFR + margin) — see note below |
| Best suited for | Those who value payment certainty | ✓ Positive monthly cashflow & 5%+ mortgage rate |
Note: Velocity Banking only outperforms a traditional mortgage when your mortgage rate is high enough that the daily-balance interest savings exceed the variable rate risk. Use the simulator below to find your break-even.
Your Numbers
Enter your mortgage details, income, and expenses. See your personalized payoff timeline and interest savings update live.
Rate shown is an estimate for illustration and is not an offer of credit. Your rate is set at closing and can change.
Education Series
Short videos, in order. Start with the first to see whether this is worth your time — the rest go deeper on the mechanics, the rate, and the trade-offs.
Educational content only · not a commitment to lend or an offer of credit · not available in NY, IL or HI · TX non-homestead only.
Client reviews
Verified reviews from clients across the country — purchases, refinances, DSCR investor loans, and first-lien HELOCs. Published as written.
Will and his team have been Fantastic! They kept us informed throughout the entire process and were a tremendous help every time we needed them. We are so grateful for each of them and would highly recommend this team.
I whole heartedly recommend Will. He accomplished what I have been trying to get done for over a year. Well done.
My experience was top notch with the ziggy team. Having numerous properties created many hurdles but the team was extremely helpful in guiding me and delivering on my behalf. Many thanks and I look forward to our future dealings.
Will and Susan make an incredible team. Their response time and attention to details were amazing! They were the reason I chose Luminate over some of their competitor's. Thank you to Susan and Will!
Just been approved for my first lien HELOC and it was an easy process that was fully automated. My discussion with Will regarding the process and easy accessibility when I had any questions was the reason that I went with the Ziggy Team.
The Ziggy team made the mortgage process so easy and dare I say pain free! I could not recommend them enough! Thank you for all the hard work getting us into our first home!
I've worked with him in the past, and the experience has always been solid from start to finish. He's consistently professional, knowledgeable, and has a way of steering you in the right direction without pressure.
I really enjoyed working with the ziggy team. Everyone was so kind, calm and transparent. We are so happy about our new home!
Something which can — at times — be very stressful, was made a lot less stressful. I'd recommend “The Ziggy Team”, especially Ms. Susan.
Will worked with me and went the extra mile to make this refinance a reality. I appreciate him and his team for their work to get it done!
I had a great time working with Will. He always answered the phone when I called. Will also answered any questions I had and did a great overall job. I would highly recommend in the future!
Will was easy to work with and the whole team was quick to respond and very helpful with questions. Very happy with our experience!
This is my second HELOC and as always Will and his team exceeded expectations.
Everyone who contacted me were courteous, respectful and explained the process in detail. Thank you!
Very proactive team and easy to understand. The best in the business.
Team was proactive and responsive, and took the time to answer all questions I had.
Will and Susan Szilagyi have been incredible to work with! They recently helped my brother and I purchase our first investment property, and this is actually the second home we both have bought with their guidance.
Great people to work with and respond quickly to any questions that I had.
Everyone was easy to work with. Polite and always on top of everything. It was a pleasure.
The process from start to finish was excellent! Expectations were set and met. If I had questions I would get them answered quickly!
The Ziggy Team was extremely helpful when informing me of process every step of the way when acquiring my loan. Amazing group to work with! Highly recommend.
Great experience overall and very helpful with prequalified letters needed to start our home journey. Thank you!
Smooth process and the team was always very fast to answer my question.
They were great in helping us navigate with all the differences we had with the process as we live in Texas.
Will and his team were very supportive and easy to work with, very knowledgeable about the product and process, they eliminated roadblocks and answered questions and concerns in a timely manner.
Will was amazing, I highly recommend and he will handle all my future transaction.
Everything was done very timely. I had a deadline to meet and they made it happen!
They made a complicated process attainable.
Thank you Will, Susan and the whole Ziggy team. You guys made the process easy and were very responsive and helpful. Really appreciate your dedication!
ALLSTAR Team. Does what they say. You can count on great customer service and closing on time with the ZIGGY TEAM.
Will and Susan were fantastic to work with during my refinance process. They handled two HELOC loans simultaneously ensuring a quick and seamless process. Susan kept me informed with regular updates which I found incredibly helpful.
Will and Susan were absolutely fabulous to work with on this transaction. We worked simultaneously on two DSCR loans, and closed them both on the same day, remotely with a mobile notary. Everything was flawless.
Will and Susan are an amazing team. They made our refinance process quick and easy, and they were always available to answer questions and resolve issues. Highly recommend!
Great team to work with! They really want you to win and are always available for any questions along the way. Made the process easy and help to get underwriting through quickly. Highly recommend!
I can't recommend Susan Szilagyi and the Ziggy Team highly enough! From start to finish, Susan demonstrated an unparalleled level of attentiveness and dedication to ensuring our HELOC experience was nothing short of exceptional.
Where do I even begin? Susan and Will of The Ziggy Team have been an absolute blessing!
I enjoyed working with Susan and Will Szilagyi of the Ziggy Team. They were not only professional and kept me informed during the entire refi process, but Susan also sent me regular emails about the housing market and interest rates.
Susan and Will went into the trenches with me and fought for what was right. I truly appreciate their honesty, integrity, and friendship. I hope to work with them again soon!
Will and the team made it super easy to get through the process. Communicated often and clearly. Would definitely recommend them.
Will and Susan met and exceeded my expectations at every step! They were always available to explain something, super nice all the time and overall very impressed. They offer a solid HELOC, it had all the bells and whistles. I am moving all my mortgages with them.
Will pulled us up out of the deep! We knew we were solid clients, but another bank (and their rep) thought otherwise. Will was ready to work with us, not against us.
We have had the best experience w Will & Susan! They have been very patient, knowledgeable and responsive. We've worked w other banks/teams in the past and never will again. Things were so quick, easy and efficient w Will + Susan!
Thank you, Team Szilagyi for making my first HELOC run so enlightening. You and Susan made this so easy for me, I learned a lot from this experience and didn't have to leave my home even for the closing.
This team worked tirelessly to get us closed! It was an absolute pleasure working with Will and Susan, this means a lot to our family and our future, they were open and honest the entire way. I would do it over and over again!
I had a wonderful experience with Will and the Ziggy team. They were very knowledgeable and wonderful to work with. I highly recommend them and will use them again in the future.
Will was great in making sure that I understood the process and then following through with how he said things would go. Everything ran smoothly and him and Susan were great the whole time. I'm glad I was introduced to them.
Will and his wife Susan were so easy to work with. This process has been seamless and so rewarding! Highly recommend!
Will and Susan were awesome throughout the whole process and would highly recommend them for your banking business!
In 2004 I got my real estate license. I have lived in the Treasure Valley since 1983. In all of this time I have met a lot of great people and lenders. That being said Susan and Will Szilagyi are 2nd to none.
I am very impressed with Will and his team. I just closed a deal where I represented the home seller. Will communicated with me on a regular basis, updating me about the status of the buyer's loan. We were able to get the appraisal waived, and we closed on time!
This is an amazing group of people. My situation was not exactly an easy one, but Will and Susan stuck by me, until we reached success. I am so grateful for them and their whole team!
Will and Susan were very professional and knowledgeable and kept myself moving with our paperwork so we didn't lose our rate with this crazy economy!
I would like to thank Will and Susan for making my refi experience so easy. This company is local and takes care of people like no other. The process was painless.
The Szilagyi team was amazing to work with. Knowledgeable, professional, personable, understanding, and kind. I highly value them and would recommend them to anyone looking for a mortgage or refinance.
Will Szilagyi and his excellent staff made acquiring a mortgage loan through them an easy process. They were always there to answer my questions. I recommend to anyone who wants a mortgage to contact them.
Susan and Will are the best people to work with. They really went out of their way to make sure we could buy our house. I highly recommend them.
Will and Susan really took care of me, they answered every question and were on top of everything. This was a great team, they make sure you are happy. It was a great experience, thank you guys.
From my first conversation with Will and through every stage of the process he was there to answer any questions. Even in these uncertain times, I can honestly say my faith in quality of service still exists.
Will and his team were amazing to work with! They communicated throughout every step, and my refinance was not simple! The whole team was so great to work with that I referred 3 of my family members, and they used them also. Highly recommend!
I highly recommend Will and his team. It was such a great experience working with them. They were always available to address my needs, questions and concerns. They were very patient and professional.
The experience with Will Szilagyi and his team was phenomenal. A communicative team that kept us informed, an awesome rate with efficiency and accuracy throughout.
Will is absolutely the kind of lender you want on your team. He's honest, practical, and is always on your side. He's even there just to talk you off the ledge at times! I couldn't recommend him enough.
Absolutely outstanding service from the start. Quick and easy close. Will and his staff have their ducks in a row. Highly recommend!
About these reviews. Reviews are published as submitted by clients through Experience.com and Google, with typographical corrections only. Some reviews are shown in excerpt, cut at a sentence break; full text is available at the source. Dates on Google reviews are the approximate year, since Google publishes them as relative timestamps. Some reviews were submitted while Will Szilagyi was licensed at a previous organization and transferred with his Experience.com profile. This is a static snapshot and may not reflect all current reviews.
These clients were not compensated for their reviews and received nothing of value in exchange for them.
Individual results vary. A review describing one client's experience or loan outcome is not a prediction, guarantee, or representation of what any other applicant will experience. All loans are subject to credit approval and underwriting. This is not a commitment to lend or an offer of credit.
Will Szilagyi · NMLS #1792018 · Luminate Bank · NMLS #1281698 · Equal Housing Lender
Common Questions
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