Refinancing Your Home Equity Loan - How To Use A Home Equity Loan

How a Home Equity Loan Works!

You're building up equity in your home as you pay down your mortgage each month and the real estate market appreciates. At some point, you may want to tap into your home equity. Let's review how a home equity loan works and what is a home equity loan exactly to see if it's right for you!
#HowAHomeEquityLoanWorks

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What you'll learn:
1. Home equity loan explained!
2. Second mortgage vs home equity loan!
3. Should I get a home equity loan?

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Timeline:
1. 1:30 - How a home equity loan works!

2. 2:01 - Home equity loan vs HELOC!

3. 3:47 - How do you pay back a home equity loan?

4. 5:11 - Pros and cons of a home equity loan!

5. 7:51 - How to get a home equity loan!

6. 8:38 - How to get a home equity loan with bad credit!

7. 10:11 - It comes down to your Loan-to-Value (LTV) ratio!

8. 11:21 - Beware of red flags!

9. 12:56 - Home equity loan alternatives!

Thank you for watching! =)

Enjoy an amazing day!
Andrew Finney
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At the time of production, Andrew Finney, S.0173260, is a real estate salesperson with King Realty Group 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 are to educate you and help you make sense of the real estate process. If you have questions about home loans, real estate, taxes, financial advice, real estate law, insurance, professional trades, or any other services where you live, you are advised to reach out to the appropriate professional for further counsel about your own unique situation.

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HELOC Vs Home Equity Loan: Which is Better?

What is the difference between a HELOC (Home Equity Line of Credit) VS a Home Equity Loan? Are they the same thing? Which is Better? We'll address those questions in this video! Enjoy!

Recommended Video - How To Pay Off Your Mortgage in 5 To 7 Years:

Let's first talk about the Home Equity Loan. A Hom Equity Loan is very similar to your traditional mortgage in ways that:
A.) You get all the money upfront at the loan closing.
B.) It is amortized anywhere between 5 to 30 years,
C.) It is closed-ended loan meaning that you can only pay back the loan and you typically have a fixed monthly payment and
D.) Home Equity Loans are typically borrowed as a 2nd position lien/loan.

I'm personally not a big fan of the Home Equity Loan as it restricts you from being able to access the equity all over again much like the HELOC and unlike the HELOC products, Home Equity Loans are usually a one-off loan product that's often used to spend money on education, home improvement, and personal spendings which can or can't be good.

In comparison, a HELOC (Home Equity Line of Credit) is a revolving line of credit. You can:
A.) Access the funds, pay it back, and re-use the principal portion of the HELOC. This is called being open-ended.
B.) The Draw period of the HELOC is NOT amortized which is useful when using our Debt Free Acceleration strategy to pay off your amortized loans.
C.) HELOCs use a different interest calculation versus the amortized interest calculation which can be used as an advantage when using our Debt Free Acceleration Strategy.
D.) HELOCs CAN be 1st or 2nd position lien on your property which offers some flexibility with the amount of equity you build for later investment purposes.

As you can see, I'm a bigger fan of the HELOC when USED PROPERLY and WISELY... A HELOC can be dangerous and destructive to your financial well-being WITHOUT the proper education on how to use such tool. Remember, no loan product is ever bad. The user of the loan product makes it bad through their lack of financial literacy, awareness, and education.

To learn more about our Debt Free Acceleration strategy to eliminate your debt completely, watch our 28-minute explainer video right here:

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

Should I Get a Home Equity Loan or a Cash-Out Refinance to Buy a New Property? [#AskBP 078]

On this episode of the #AskBP Podcast, Brandon shares his advice for a listener who isn't sure what the best loan product to pursue for his new property. Discover the major reason Brandon would choose one of those options over the other!

Cash-Out Refinance vs Home Equity Loan

Do you want to convert the equity in your home into cash in your hand?  There are a few good options. The tricky part is knowing the difference between the types of loans that are available.

Home Equity in a Nutshell
Home equity loans best suit borrowers who have a substantial amount of equity available to them. You can determine the total amount of equity in your home by subtracting any and all debts secured by your house from the current fair market value of your home. The amount left over is the total equity, or value of ownership, of your house.

Usually, you can obtain between 70-80% (sometimes even 90%) cash value of that equity by providing your home as security for the additional funds you borrow. When you do this, you do add a second mortgage to your home. Your original mortgage remains unchanged, but with a second mortgage, you will have two mortgage payments.

Let me introduce the Cash-Out Refinance Loan Option
The cash-out refinance loan is a loan that refinances your first mortgage into a larger mortgage, and allows you to take the difference in cash.
Assuming you have an adequate amount of equity in your home, a cash-out refinance loan enables you to:
Pay off your existing mortgage.
Negotiate a new term, rate and repayment schedule for your consolidated loan amount.
Obtain a new mortgage in the amount of your existing mortgage, plus the amount you want to borrow.
Receive the borrowed funds in a lump sum.
When you elect to use a cash-out refinance loan to tap your home equity, you enter into a whole new loan agreement. This means the terms, rate and repayment plan for your new mortgage will be different.


Generally, cash-out refinance loans offer up to 30 years for repayment, and you can choose between a fixed or adjustable interest rate. You may even be able to take advantage of potential tax savings depending upon how you are using your loan. Consult your tax advisor for more information.

How a Cash-Out Refinance Loan is Different from a Home Equity Loan
The primary difference between a cash-out refinance loan and other home equity loan options is that a cash-out refinance loan converts one mortgage into a separate larger one. Every other home equity loan option creates a second mortgage on your home.
With a traditional home equity loan, you take on a second mortgage at a fixed rate with up to 30 years for repayment. One thing to consider is the fees associated with each loan. Cash-out refinancing may have fees and closing costs since you are changing your loan.
So, how do you decide?
Give me a call or send me a message and my Team and I will assess your vision and come up with a strategy to make sure you reach your goals.


Home equity loans best suit borrowers who have a substantial amount of equity in their home available to them.

Refinance or Home Equity Line of Credit (Which Is Better If I Need Cash)

There are two ways to get cash out of the equity of your home.

You can do whats called a cash out refinance which gives you one loan and whatever cash you need.

Or you can keep your existing mortgage and add a second loan which is called a home equity line of credit.

Either one can be beneficial and it really just depends on your situation, your current interest rate, interest rates at the time you refinance, etc.

Roger Mansourian
Vantage Home Loans
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Los Angeles, CA 90046
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3) INVESTOR LOAN PROGRAM- (FOR INVESTMENT PROPERTIES ONLY)
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Video coming soon...

Cash Out Refinance Vs. Home Equity Line of Credit (HELOC)

Cash-Out Refinance:
You need to first weigh your current interest rate on your existing mortgage with what the current interest rate is that's being offered. If you're early in the term of your loan and it's possible to refinance into a better interest rate, this could very well be a better option for you right off the bat.

- This is a new mortgage that will replace your existing one.
- Will reset the loan term (i.e. 30 years)
- Lump-sum upon closing
- New mortgage payment will depend largely on how much equity you have and what your new interest rate is vs. what it was.
- Current interest rate near 4.1%
- Fixed Interest Rate
- Cost is approximately $4,000 in closing costs.

HELOC:
- Existing mortgage is unaffected.
- Variable interest rate.
- Current interest rate is near 5%.
- Can draw from it as needed. When paid down, can draw off it again.
- Monthly payment will depend on current balance
- Little to no cost.

Use Home Equity to Pay Off Debt?

Use Home Equity to Pay Off Debt?
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Home Equity Loan vs HELOC (Home Equity Line of Credit) - Which is Better?

Our real estate financing hub:

Home Equity Loans vs. HELOCs: Which One Should You Choose?

0:33 - What is home equity?
1:28 - What is a HELOC (home equity line of credit)?
2:26 - What is a home equity loan?
4:37 - Cash out refinance

There’s often confusion between home equity loans versus HELOCs -- or home equity lines of credit. Both let you tap your home equity for cash but they function quite differently.
Before we go into that, let's first talk about home equity.

Put simply, equity is the share of a home or property you actually own. To calculate how much equity you have, start with your home’s value and then subtract your remaining mortgage balance.

You can use the funds to pay for home renovations, medical bills, tuition costs, or any other expenses you might have coming your way. You can also use home equity products to consolidate and pay off higher-interest debts like credit cards and personal loans.

You can think of HELOCs a bit like a credit card, they act as a line of credit and you can use the money whenever you like. A HELOC can be an alternative to a credit card which could carry a double-digit annual percentage rate.

You can withdraw funds over an extended period of time called a draw period. This can last up to 10 years. During this time, you’ll typically make interest-only payments on only the amount of money you’ve taken out (not your full credit line).

After the draw period is up, you’ll enter the repayment period, in which you’ll start to repay the money you borrowed plus interest. This period usually lasts from 10 to 20 years.

HELOCs typically come with a variable interest rate, meaning the rate will fluctuate over time. You’ll usually get a low promotional rate at the beginning of the loan, and the rate will increase as you get into the repayment period.

A home equity loan is like a traditional mortgage loan in that you’re given a lump sum all at once, rather than a line of credit you can draw from at will.

Home equity loans act as second mortgages, meaning you’ll need to make two mortgage payments each month.

You then pay the balance back month over month across your loan term, which typically ranges from five to 30 years. Because home equity loans can give you access to large amounts of cash at once, they’re often a smart choice if you have a big expense you’re dealing with.

The biggest downside of using home equity products is that you are potentially putting your home at risk. Since home equity products use your property as collateral, you could find yourself in danger of foreclosure if you fall behind on payments.

There are also costs to consider. Home equity products come with closing costs and fees. On HELOCs, you might even see fees each time you make a withdrawal. These can add up over time, especially if you expect to make several transactions over time.

Choosing between home equity loans vs. HELOCs comes down to how much money you need, how predictable your expenses are, and your current financial limitations.

The first thing you’ll want to think about is what you intend to use the money for. Generally speaking, a home equity loan is going to be best if you have a large, predictable, one-time expense to cover, like a new roof, a major car repair, or consolidating other debts.

If your costs are less predictable or you expect them to recur over time (like tuition bills or medical treatments), a HELOC may be a better option, as it allows you to pull funds as needed across an extended period of time.

Next, think about your financial situation. How predictable is your income? Do you need consistent payments that you can easily budget for, or can you afford more fluctuation?

If you need consistency, a home equity loan is your best bet. These come with fixed interest rates and predictable payments for the entire loan term.

If you’re set on tapping your home equity, HELOCs and home equity loans aren’t your only option. You might also consider a cash-out refinance. This allows you to replace your existing mortgage loan balance with a new, larger loan. You then take the difference between the two in cash, which you can use toward home improvements or any other expense, just like HELOCs and home equity loans.

Use your home equity wisely

Tapping into your home equity is not a decision to be made lightly. You probably don't want to use your home equity to finance luxury items.

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HELOC vs Home Equity Loan | How to Use Your Home Equity to Buy More Properties!

Hey guys welcome back!

This video is an introduction into home equity lines of credit (HELOCs) and home equity loans. While they sound similar, these two loan options have some pretty big differences which I'll explain here!

I'll also talk through the basics of each one, and which one I recommend for helping to grow your real estate portfolio (such as financing a rental property) at a low rate.

The best thing about using HELOCs and Home Equity Loans is that you are using an asset you already have, the equity in your house!

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If you don't already own a home or property that you can leverage equity in but still want to begin building a real estate portfolio, I recommend my FHA intro video, which explains how you can leverage federal housing programs to buy your first multi-unit rental property:

Can You Use Your Equity To Buy Another House?

After a few years of living in your current home, you might be interested in using that equity you’ve built up to buy an additional property.

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If so, great plan! Using equity in your home is one of the most common ways to transfer wealth that you’ve built in an asset and transfer it to another asset.

You’re probably facing two scenarios, either you’re:

(1) Using your equity to buy another home you’ll live in, or
(2) Using your equity to buy an investment property

In option 1, you’re using equity in your home to transition to another home you’re going to live in. Using equity this way is very common for a “move-up” purchase. A move-up purchase is where you take your equity and use it as a down payment to afford a larger home.

It’s almost like you’re climbing the ladder of home size with the equity you’ve gained over time.

In option 2, you’re using the equity in your home to put money down (or purchase in cash) on an investment property. Maybe you’re planning on flipping this property or renting it long term. Either way, this is a great option to make your money work even harder for you.

The equity in your home gains appreciation as your house appreciates, but in an investment, it appreciates AND gains cashflow through tenants.

So, how can you pull equity out of your home? First, you need to make sure you have enough equity to begin with. Most lenders will only allow you to have a max Combined Loan To Value (CLTV) of 80% - 90%, this depends on the program and lender.

Here’s how to find this out:

(Value Of Home) * (max CLTV allowed by lender) - (Current Mortgage Balance)

Here’s an example: let’s say you own a $300,000 house and you still owe $150,000 on it with a first mortgage. So, we would take $300,000 * 80%. That equals $240,000 as the max CLTV we can have. Then we subtract our Current Mortgage Balance from the CLTV. So, $240,000 - $150,000. That leaves us with ~ $90,000 we can pull out in equity.

Here are 3 ways you can pull equity out of your home:
(1) Selling your home first - this is the most simple, but requires you to either get pre-qualified with two mortgages (not easy to do) or risk selling your home without a solid offer on another home.
(2) Home Equity Line Of Credit - a HELOC is a line of credit that draws against your home’s equity. It may be interest only, but could have a variable rate. This is good for short term usage.
(3) Cash-Out Refinance - instead of a line of credit, you’ll receive a lump sum of cash for you to use and you’ll refinance your first mortgage into a fixed rate.

Using your home’s equity to acquire more real estate is a great option. Using built-up equity in this way will help you put your money to work and leverage it to gain additional income or a home that might appreciate more (especially if you’re moving to a good school district or desirable neighborhood).

Hey, my name is Kyle and I'm a Mortgage Advisor serving Tennessee, Florida, and Ohio. My goal is to help you get a crystal-clear home loan that helps you win the house you love. If you're ready to create your home-buying plan, you can reach me through any of the ways below:

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Refinance Rates || Equity Release || Refinance || HBFC Home Equity Loan

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Refinancing Home Loan for Debt Consolidation

I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause ---

DEBT CONSOLIDATION... instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.

Should You Use Home Equity or Savings to Pay for a Remodeling Project?

When you’re planning a remodeling project or home renovation, it’s a good idea to start by determining how you’ll pay for it. Usually that comes down to taking out a loan or using your savings.

Some people may have enough cash saved to consider paying for their remodeling project or home renovation out of pocket. But just because you have enough savings to pay for your home remodeling project doesn’t necessarily mean you should rule out either a home equity loan or a home equity line of credit (HELOC). Tapping into home equity can be a smart move, under certain circumstances. Your own individual financial situation will determine what payment plan you should choose. So check out this episode of Big Money Real Estate for my tips on when to tap into home equity and whether to choose a home equity loan or HELOC to pay for a home remodeling project.

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How To Use Equity To Buy Investment Property | Property Investing | Mortgage Finance / Refinance

How to use equity finance (Refinance) to buy investment property

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Equity is the difference between what your property is worth MINUS your mortgage and in today's, I talk through how you can use that equity to buy investment property (Real Estate).

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What Is a Home Equity Loan? | Financial Terms

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A home equity loan is simply where you're taking a second mortgage against your house. So, I know that might sound a little confusing, but let me give you an example.

Let's say my house is worth $300,000, and I have a mortgage on it, and I owe $200,000 on that mortgage. So, that means there's $100,000 of equity there in that property. And one of the challenges, sometime, is you pay your mortgage down, you might want to use that equity or some of that value, for other financial goals you're looking to achieve. So, how do you do that?

The way you do that, is by taking out a home equity loan against the property. And most home equity loans might be a 10 or 20 year loan, and you're borrowing the money. And typically you're gonna pay a little higher interest rate than you would on your regular mortgage, because, technically, if you don't make your payments, the bank that holds the first mortgage has the first right to your collateral. And the lender for the second mortgage, or the home equity loan, would be next in line. So because of that, there's a little bit more risk, and you'll often be assessed a little bit more interest, because of that risk.

Now, there are two main types of home equity loans. There's a set loan, a home equity loan where I borrow a certain amount. Let's say, I borrow $20,000. I pay interest on it, and every month I make my monthly payment. So, I know exactly when I'll be done, and I know exactly what my monthly payment will be. That's known in the industry as a home equity loan.

Another type of home equity, is what's called a home equity line of credit. This is where you have access to money, but you're only gonna pay interest, if you actually use it. So, it works very similar to a credit card where, if I'm not using the money, I'm typically not paying interest. But once I use it, then there's a balance, and a monthly payment associated with it.

So, really important, a lot of times people take credit card debt, or other types of debt, and they want to consolidate it onto a home equity loan. And the reason they want to do that is, number one, to simplify their financial life. Number two, home equity loans usually have a lower interest rate, than credit cards, for example. And number three, sometimes the interest on a home equity loan is tax deductible. So, those are all good benefits.

But if you do this, be aware that once you do that, you're home is now at risk. In other words, if I can't make my credit card payments, the lender can't come take my house. But if I can't make my home equity loan payments, my house now is at risk. So, that's a big difference.

Number two, most home equity loans take a lot of time. They're 10, 20 year loans. And, like we were talking about, if you stretch out debt, often times you may pay more over the long term, even though your monthly payment may go down.

And lastly, when consolidating debt onto a home equity loan, be aware that you're not moving debt around versus paying it off. Because I see a lot of people, they move credit card debt to their home equity loan, and then in a few years, what happens? The credit card debt starts coming back, and they owe money on the home equity. So, they have more debt. They're addressing some of the symptoms, and not the cause.

So, home equity loans can be a great way to give you access to money and equity that's tied up in your property. But just make sure you don't fall into any of those problem areas, because I see that happen a lot. And people underestimate the risk that they incur.

Home Equity Loan Process

Learn the process of getting a Home Equity Loan.

More info is available at

What is a Home Equity Loan

A home equity loan allows you to borrow against your home’s equity and can help you achieve goals like remodeling your kitchen or consolidating your bills. To learn more, visit

What is HOME EQUITY LOAN? What does HOME EQUITY LOAN mean? HOME EQUITY LOAN meaning

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What is HOME EQUITY LOAN? What does HOME EQUITY LOAN mean? HOME EQUITY LOAN meaning.

Source: Wikipedia.org article, adapted under license.

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. Home equity loans are often used to finance major expenses such as home repairs, medical bills, or college education. A home equity loan creates a lien against the borrower's house and reduces actual home equity.

Most home equity loans require good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratios. Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (aka a home-equity line of credit). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are usually, but not always, for a shorter term than first mortgages. Home equity loan can be used as a person's main mortgage in place of a traditional mortgage. However, one cannot purchase a home using a home equity loan, one can only use a home equity loan to refinance. In the United States, in most cases it is possible to deduct home equity loan interest on one's personal income taxes.

There is a specific difference between a home equity loan and a home equity line of credit (HELOC). A HELOC is a line of revolving credit with an adjustable interest rate whereas a home equity loan is a one time lump-sum loan, often with a fixed interest rate. With a HELOC the borrower can choose when and how often to borrow against the equity in the property, with the lender setting an initial limit to the credit line based on criteria similar to those used for closed-end loans. Like the closed-end loan, it may be possible to borrow up to an amount equal to the value of the home, minus any liens. These lines of credit are available up to 30 years, usually at a variable interest rate. The minimum monthly payment can be as low as only the interest that is due. Typically, the interest rate is based on the prime rate plus a margin.

Cash Out Refi vs. HELOC | Explained

Today’s video will be all about HELOCs and Cash Out Refis (again). I’ve been getting a lot of questions about HELOC vs. Cash Out Refis since the release of my original videos a few months ago. While I was able to help each individual person asking the question, I felt that if one person had one question, others would probably be wondering about the same.

Thus, I decided to create another comprehensive video covering all the questions I’ve received to date so that it benefits everybody. I look forward to hearing about your thoughts. Happy watching!

Links to videos that compliment this video:

Funding for Real Estate | HELOC vs. Cash-Out Refinance ????

Learn how to invest in real estate without savings and still have enough to expand your portfolio, click here for a FREE training ????

**DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION**

Buying an investment property with equity from your home

Use the equity in your home to buy an investment property? Or take the time to save up a down payment? We break it down for you! (psssst….you might be leaving A LOT of money on the table).

How to Choose Between a Home Equity Loan or Home Equity Line of Credit

There are different strategies to decide what debt to pay first, like starting with paying off high interest debt or deciding to tackle smaller debts first.

Refinance Mortgage Loan Compared With Home Equity Loan

transcript

Both refinance home mortgage loan and home equity loan allows cashing out the equity in a property. However, they are different type of loans, serving different needs. Refinance mortgage is used to replace the existing mortgage with a new and improved loan. The purpose of refinance mortgage loan is mainly to lower the interest rates and the monthly payments on a mortgage. During the process of mortgage switch with refinance, providing there is equity in the property, some cash may be taken out by getting a larger mortgage. Refinance is similar to a normal mortgage in that you have closing costs and fees to pay. Refinance works well in the periods of lower interest rates. The homeowner may take advantage of lower rates by replacing the existing higher interest home mortgage with the improved one. This process will lower the interest on the entire mortgage on the house. In fact, the borrower may pay off several loans including personal loan and credit card bills with the new mortgage. By doing that the overall interest rate and monthly loan payments may be lowered substantially.


In order for refinance mortgage to be beneficial, the home owner needs to stay at least couple of years in the property to recover the closing costs and fees paid during the refinance process and start saving real money. Home equity loans do not require the home owner to pay off the existing mortgage. They are taken as cash out in the form of second mortgage on top of the existing mortgage. The existing mortgage with its interest rate and payment terms remains untouched. The fees and closing costs on home equity loans are much lower compared to refinance mortgage. On the other hand the interest rates offered on refinance mortgage loan would be lower than home equity loan. Home equity loans may work out better at periods of high interest rates, especially when the existing mortgage rates are lower than the rates offered currently. Home owner who needs cash and wants to tap into the home's equity to get the cash in the high interest periods could just get the cash needed in the way of additional borrowing. As the home equity loans are stand alone loans, these loans can be paid off separately from the home mortgage. The home owner may want to improve the home before selling so that it could be sold for a higher price shortly. If the home is to be sold in the near future, home equity loan would be a better option.


When deciding which financing option to choose, consider the purpose of the loan. If the mortgage applicant wants to stay at the property, but wants to lower the mortgage interest rate or change his mortgage from adjustable rate mortgage to fixed rate mortgage, refinance mortgage serves this purpose. If small amount of cash needed for a short period of time, getting a home equity loan will be a much cheaper option of borrowing for this purpose. Home owner should consider how long the house intended to be kept. If the property is to be sold shortly after refinancing mortgage, the home owner may loose money, due to the closing costs paid during the refinancing process.

Can I Deduct Interest On A Home Equity Loan?

The new tax rules change the deduction rules for home equity loans. However, for some home equity loans you may still be able to deduct the interest. This video will cover the new tax rules, how it will impact existing HELOC's, and other changes to the tax laws that will impact the deduction for HELOC interest.

Can I Use My Home Equity To Buy Real Estate?

What is home equity and can I use it to buy real estate? In today's episode, I'm going to give you a breakdown of what home equity is. I'll also be giving you some tips on how you can leverage it to make more money by investing in real estate - and you won't even have to sell the house you're living in. Check it out!

00:33 What if I have equity in my home?
00:56 Here's what equity is
02:04 Cashout Refinance vs. Home Equity Line Of Credit
04:29 What can I do with this money?
05:52 You'd be crazy not to do this!

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Kris Krohn

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EARNINGS DISCLOSURE

Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. See full disclosures here:

NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE

The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.

DISCLOSURE OF FINANCIAL RELATIONSHIP

Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here:

Funding for Real Estate | HELOC vs. Cash Out Refinance

Once again, you have more money than you think. If you don't have cash or money in your credit cards, you can turn your home or rental into a cash cow! In this video, I will tell you about two great strategies to make money instantly, even when you thought you didn't have any anymore.

Using a cash-out refinance (or cash out refi) or a Home Equity Line of Credit (HELOC), you can multiply your real estate investments in no time. I will share with you who you will need in your team to successfully get the funding and close on either one. Don't know where to find out where to get one? Don't worry, you'll see in the video! (hint: Scotsman guide)

→Learn how to invest in real estate without savings and still have enough to expand your portfolio, click here for a FREE training ????

Links mentioned in the video:
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**DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY. THE SCENARIOS DEPICTED IN THIS ILLUSTRATION DO NOT GUARANTEE RESULTS, AS RESULTS MAY VARY. A PROPER RISK ANALYSIS MUST BE CONDUCTED BEFORE EACH TRANSACTION AND A CONSULTATION WITH A LICENSED PROFESSIONAL IS HIGHLY RECOMMENDED**

Get a Cash Out Refinance Loan Using Your Home Equity

Are you a home owner? Do you wanna pay off that credit card or student debt once and for all? Are you always dreaming about that new kitchen you think you can't afford? Well, stop. With the recent rise in home values, the equity you need to make your dreams a reality is already in your house. loanDepot has worked with millions of home owners just like you. We'll help you with a Cash Out Refinance Loan today while interest rates are still low. Don't wait until it's too late. Get your quote today!

Home Equity Line Of Credit

Have you ever heard of home equity line of credit? If you're thinking of getting one, this video is for you. I'm going to share with you what it's all about and if it is a good idea to get one.

Watch and Enjoy!
Kris Krohn & Nate Woodbury

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EARNINGS DISCLOSURE
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Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

All YOU need to know about Home Equity Loans

Jayson Bates
NMLS #220798
602-573-3101 cell


In this episode of Valley of the Sun Real Estate Show I review the Home Equity Loan. I go over the different types of Home Equity loans and some of the pitfalls of the Home equity loan. If you are looking into a home equity loan then this is some good information for you.

Jayson Bates

602-573-3101

Home Equity Loan VS Mortgage - What You Should Know

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Home equity loan vs a mortgage. What is the difference's? Should you stay away? What are the benefits.

How To Buy Another Property Without A Deposit And Using Your Home Equity

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