How a Home Equity Line of Credit Works! (HELOC EXPLAINED & How To Get a HELOC)

It's very common as your home value increases you might want to tap into your equity. But should you? Let's take a closer look at how a home equity line of credit works to see if it's right for you!

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📒 Show Notes 📒
What you'll learn:
1. How a HELOC works & how to use a HELOC! (HELOC = Home Equity Line of Credit)
2. Are equity loans a good idea? | Plus more HELOC Information
3. What are the disadvantages of a home equity line of credit? | How to get a HELOC

NOTE: To adjust video speed for your listening/ viewing pleasure, please use the settings icon on the bottom right of your screen. It looks like a gear. =)

Timeline:
1. 0:58 - What you'll learn about a home equity line of credit in this video!

2. 1:21 - What is a Home Equity Line of Credit (HELOC)?

3. 2:44 - How a HELOC works! HELOC explained in an easy to understand way!

4. 4:06 - How does a HELOC affect your credit score?

5. 4:50 - Common reasons why people get a HELOC!

6. 6:50 - Common reasons NOT to get a HELOC and what are the disadvantages of a home equity line of credit!

7. 8:50 - How to get the best interest rate on your HELOC!

8. 9:16 - HELOC vs Home Equity Loan!

Thank you for watching! =)

Enjoy an amazing day!
-Your Trusted Real Estate Advisor, Andrew Finney

Contact info:
Andrew Finney
USMC Combat Veteran/ Trusted Real Estate Advisor
License #S.0173260
Email: Andrew@AndrewFinneyTeam.com
https://www.andrewfinneyteam.com/

King Realty Group
6955 N. Durango Dr. Suite 1004
Las Vegas, NV 89149

Designations-
Certified Residential Specialist (CRS)
Accredited Buyer's Representative (ABR)
Sellers Representative Specialist (SRS)

Certifications-
Military Relocation Professional (MRP)

Disclaimers/ Credits:
At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group (KRG) in Las Vegas, NV. Andrew's videos are his own and do not necessarily represent the views and/ or opinions of KRG. The purpose of Andrew's videos is to educate you and help you make sense of the real estate process. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services, you are advised to reach out to the appropriate professional for further counsel about your own unique situation. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or any other and may be outdated or inaccurate; it is your responsibility to verify all information for yourself. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that is free from error. Linked items may create a financial benefit for Andrew Finney Team. Any use of other media is by fair-use or license only.

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Видео How a Home Equity Line of Credit Works! (HELOC EXPLAINED & How To Get a HELOC) канала Andrew Finney Team