Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Home Equity Lines of Credit Explained | How a HELOC Works, Pros and Cons. That video is uploaded by Julee Felsman | Workshop Team | Guaranteed Rate at 2023-03-31T11:59:12-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [yMuygOYBzo8]
| Name | Home Equity Lines of Credit Explained | How a HELOC Works, Pros and Cons |
| Video Uploader | Video From Julee Felsman | Workshop Team | Guaranteed Rate |
| Upload Date | This Video Uploaded At 31-03-2023 18:59:12 |
| Video Discription | Have any questions or want to talk about your situation? Let's chat! Schedule a call: https://calendly.com/juleef/heloc-and-other-lending-advice 📞Text or call 📞: 503-799-3711 To apply: https://rate.com/juleef Lending wherever you want to call “home” 🏠❤️ -- in all 50 states. In this video: 00:00 - Introduction: what’s in this video? 00:27 - What is a HELOC? 01:09 - How is it different from a cash out refinance? 01:22 - Why a HELOC can be better 01:57 - What’s a blended interest rate? 02:29 - Why a blended rate is important 02:53 - A blended rate example 03:32 - Blended rate - not a one-time thing! 04:22 - How would I use a HELOC? 04:53 - HELOC as an emergency reserve 05:36 - Words of caution 06:52 - HELOC programs vary - why? 08:17 - How much can you borrow? 09:07 - Setting up a HELOC 09:49 - How does a line of credit work? 10:26 - Draw period 10:52 - Minimum monthly payment 12:06 - What happens when the draw period ends? 12:55 - Drawbacks to a HELOC 13:26 - What is the Prime Rate? 15:07 - Fixed rate Home Equity Loan vs HELOC 16:07 - How to shop for a HELOC 16:41 - 7 question HELOC shopping list #HELOC #HELOCexplained #homeequitylineofcredit #helocvsrefinance Julee Felsman, SVP of Mortgage Lending NMLS 120831 Guaranteed Rate, Inc.; NMLS #2611. Equal Housing Lender. www.nmlsconsumeraccess.org www.rate.com/licensing www.rate.com/privacy Branch address: 1300 SE Stark St Ste 111, Portland, OR 97214 State Licenses: AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. By refinancing, you may pay more in costs and interest over the extended term. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Guaranteed Rate, Inc. cannot predict where rates will be in the future. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Content found in these videos is public information. However, all information including text, photographs, etc. is copyrighted and is protected by United States and international copyright laws. These videos may not be used, reproduced, or distributed for commercial purposes without prior written consent from Julee Felsman and Guaranteed Rate. yMuygOYBzo8 |
| Category | Education |
| Tags | Home Equity Line of Credit | HELOC | Home Equity Loan | home equity loan explained | home equity loan | home equity loan vs heloc | home equity explained | heloc vs home equity loan | HELOC Vs Home | HELOC Strategy | heloc to pay off mortgage | Mortgage | heloc vs refinance | heloc loan | heloc mortgage | mortgage tips | heloc | heloc strategy | Julee felsman | workshop team | mortgage auntie | mortgage broker | loan officer | real estate | mortgage |
