HELOCs Vs Home Equity Loans Explained | The Pros and Cons

We discuss the differences between a HELOC (Home Equity Line of Credit) and a Home Equity Loan

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Thanks for watching!!

[kevinvictor-sw]

Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

[AmandaStewart]

I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Katherine Storch for helping me achieve this.

[ihvgrrr]

I like how you calmly explain things vs Dave Ramsey being negative and calling everything and everyone stupid.

[barttfisher]

My Dad bought a $300K house in 1993 here in San Jose. It's worth $1.6 Million now and because he took out so many Home Equity Loans, he lost the House and has nothing to show for it. I will never borrow against my house.

[DenzelNapoleonRodriguez]

Home equity line of credit over HEloan every time more flexibility and you can find HELOCs with zero closing costs

[gnahthe]

Debt is like fire. It can be used to cook your food and keep you warm or it can be used to burn your house down. It is the responsible use of it that matters.

[stanmoney]

I'd rather an equity loan. HELOCs have fluctuating interest rates. I'm not in the financial position to afford fluctuating interest rates.

[TanishaShanee]

Line of credit - that makes a lot of sense of how Matt explains it.

[dougcox]

This guy is smart. I'm glad I found this channel.

[Celia-gqyq]

THIS IS AWESOME INFORMATION!!!! I WAS ABLE TO PURCHASE MY HOME WITH YOUR GUIDANCE DURING THE PANDEMIC WITH 1.5% INTEREST kEEP THE INFO COMING

[IALSports]

MG! Loved how you explained this topic. I just was hired into the mortgage business and is absorbing all the insight possible

[alexandernaome]

Credit unions are a credit place to go. I've seen helco intro rates in NY as low 1.99% for 80% LTV and 2.99% for 81%-90% LTV for 13 month. After the intro period, the rates are pretty much the same across board.

[quintonyoung]

The HELOC is really a best kept secret if you doing the business right.

[randomfrequencies]

This is brilliant. We've been considering a HELOC to invest in another home ourselves. I have never heard it explained so concisely. I will definitely be using this video to show to my real estate clients looking to invest!

[wendyhiciano]

My firt time listening to you, and absolutely loved how everything was explained. THANK YOU

[kaisersouze]

Did she say she’s not a risk taker but she wants to pull out $100K on $160K in equity?? That’s a MAJOR risk considering even a slight drop in home values (5-10%) almost puts her underwater. RED FLAG!!!

[dyoung]

I placed my order today 🥳. I purchased the bundle and I can't wait! Thank you for your service sir. Love the energy from you, your crew and your guests. Give and it will be given to you...

[dslsdad]

Thanks for explaining the difference. I’m not looking to invest the money where I would need a revolving line of credit so I think the loan would make more sense.

[ATSGENXStyle]

Thank you so much MG for simplifying the HELOC process! Im able to make a concrete decision 😊

[stephaniego]

Thank you for the explanation I was so confused now I can make a better decision.