The Power of a 1st Lien Heloc - Revolving Line of Credit

With a 1st Lien Heloc, you can use the equity in your home to get a home equity line of credit. With this, you can use the funds to pay off your mortgage early and more!!

In this video, Angelo explains the true power of what you can do with a 1st Lien Heloc.

What you don’t know can hurt you.

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“CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”

#AngeloChristian, #1stlienheloc, #revolvinglineofcredit

[coreygumball]

Can I use this on an investment property?

[scottscott]

How would you use this to invest in real estate I’m very interested just not clear on the strategy.

[AngeloChristianMortgage]

Get rid of your mortgage and turn it into a revolving line of credit to boost your cash flow and net worth!

[AngeloChristianMortgage]

why leave your equity locked up? what if you could turn your home into a revolving line of credit to access cash money on demand? call Angelo Christian at 832-431-6331 to get #1stlienheloc funding at 832-431-6331

[unpoquitodetodoconNity]

Do I have to pay for house insurance with a HELOC ? Cause if compulsory with the mortgage but is it compulsory with a HELOC. Same question with mortgage insurance I don't have one but many people do is it compulsory to have a mortgage insurance with the heloc strategy?

[toyanun]

Good morning that was good information as always. I have a topic I would like for you to speak about if possible... Is having open credit cards with high credit limits a bad thing meaning if they’re not being used will that play a factor in getting a mortgage or will that play a factor against me because I have over $50, 000 available in credit but it’s not being used will that hurt me?

Here’s a little scenario
I’m a schoolteacher my annual salary is $72, 000 my credit score is 735 the only debt I have is a car loan which is $325 a month but I have five credit cards the credit limit is 10, 000 each but I only use one and the balance is $ 1, 400... will my debt ratio change or having approximately 50, 000 in open credit play a factor?

HOPE I was clear.
Thx Toya from Brooklyn NY