A HELOC does not affect the first mortgage. A HELOC is considered a second mortgage. It's like a big credit card against your house. It can be used for most anything including paying off higher interest credit cards or updating your home. Feel free to reach out if you have any questions! Thanks for watching and sorry for the delay in responding!
Market up or down. If you have cash to buy today is the right time unless your time horizon is short term. Buy for long term and you will eventually have equity. If you can’t afford it don’t buy, if you can it doesn’t matter the timing. Your investment is just that, Investment. This is not get rich quick, it is time and ability to ride wave. Investment is all about time not timing, if you can’t take the “loses” don’t play the game.
This is the most rationale and responsible response we've gotten. Thank you sir. You are 100% correct. The problem we have is people aren't saving money and valuing real estate so they can't ever AFFORD it when the time is right.
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Does a Heloc affect the mortgage. Would like to pay off debt and update home?
A HELOC does not affect the first mortgage. A HELOC is considered a second mortgage. It's like a big credit card against your house. It can be used for most anything including paying off higher interest credit cards or updating your home. Feel free to reach out if you have any questions! Thanks for watching and sorry for the delay in responding!
Market up or down. If you have cash to buy today is the right time unless your time horizon is short term. Buy for long term and you will eventually have equity. If you can’t afford it don’t buy, if you can it doesn’t matter the timing. Your investment is just that, Investment. This is not get rich quick, it is time and ability to ride wave. Investment is all about time not timing, if you can’t take the “loses” don’t play the game.
This is the most rationale and responsible response we've gotten. Thank you sir. You are 100% correct. The problem we have is people aren't saving money and valuing real estate so they can't ever AFFORD it when the time is right.