HELOC vs Home Equity Loan: The Ultimate Comparison

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  • Опубликовано: 29 сен 2024

Комментарии • 37

  • @MaryBarbara7Z
    @MaryBarbara7Z 21 день назад +160

    We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

    • @StevenDonald2
      @StevenDonald2 21 день назад

      Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.

    • @JamesWilliam8
      @JamesWilliam8 21 день назад

      You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

    • @OliverMichaeld8
      @OliverMichaeld8 21 день назад

      Could you possibly recommend a CFA you've consulted with?

    • @JamesWilliam8
      @JamesWilliam8 21 день назад

      My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..

    • @OliverMichaeld8
      @OliverMichaeld8 21 день назад

      Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.

  • @DEEZEEMTB
    @DEEZEEMTB 9 дней назад +1

    Both if used effectively….key word “effectively” can be used to grow wealth. If it is used for vacations, cars and so on can financially ruin people.

  • @comfortayo9527
    @comfortayo9527 4 дня назад +1

    Thank for the information. I always look at them both as second loan and I didn't know they differ from each other. Thanks a lot

  • @АллаМаклак
    @АллаМаклак День назад +1

    Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

    • @SiaukemLam
      @SiaukemLam День назад

      I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.

    • @CodieSanchez-d6x
      @CodieSanchez-d6x День назад

      This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far

    • @Benjamin-t9f5b
      @Benjamin-t9f5b День назад

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

    • @CodieSanchez-d6x
      @CodieSanchez-d6x День назад

      NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

    • @Benjamin-t9f5b
      @Benjamin-t9f5b День назад

      I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

  • @jorgediaz2923
    @jorgediaz2923 2 месяца назад +1

    Awesome video, very informative. For buying foreign property (for Airbnb purposes) which would you recommended?

    • @MortgageSpecialistsLLCOmaha
      @MortgageSpecialistsLLCOmaha  4 дня назад

      It depends, is the answer. As we look at the entire financial situation to see what is best for our clients. As there are many other options for financing properties then just using HELOCs or Home Equity Loans.

  • @DrFinancialLiteracy
    @DrFinancialLiteracy 4 месяца назад +1

    Awesome and stay blessed. Navy Federal has a 40 year HELOC. I just received a 30 year variable HELOC.

  • @vanilla-vice
    @vanilla-vice 5 месяцев назад +2

    Thanks for the informative video!

  • @DrFinancialLiteracy
    @DrFinancialLiteracy 4 месяца назад

    I am trying to teach financial literacy to my community. I would like to be specific about what I am saying to them because of past experiences with capitalist and democratic systems. Some RUclipsrs are saying a HELOC is line of credit and not a loan. Question: Is a HELOC or HELOAN loans or lines of credit? I have seen them referred to as Second Mortgages which I am interpreting as a loan. In my recent document for my HELOC, the term loan occurs exceptionally more often than a line of credit or HELOC. Thanks in advance for your response to help my community to understand the US financial system.

    • @MortgageSpecialistsLLCOmaha
      @MortgageSpecialistsLLCOmaha  4 месяца назад +1

      Generally speaking a HELOC is a line of credit when terminology is used correctly. Here is no HELOAN word. But we use Home Equity Loan. Both HELOCs and Home Equity Loans are 2nd mortgages usually. All the lien is where it is placed. What order of liens. I see these words all used interchangeably but not necessarily correct

  • @quintalford3128
    @quintalford3128 4 месяца назад +1

    yes thank you. I didn't even know it was a difference

  • @snape57
    @snape57 Месяц назад

    Hello, your Refinance Videos is showing Private and not open for viewing

  • @patrickvega4893
    @patrickvega4893 2 месяца назад

    You are risking your house! Don’t do it!

    • @brentrasmussen6581
      @brentrasmussen6581 2 месяца назад +3

      There is always a pro and con to every financial decision. It's all about knowing ALL of your options to have the best one for your own financial strategy

    • @MortgageSpecialistsLLCOmaha
      @MortgageSpecialistsLLCOmaha  4 дня назад +1

      yes we always go over the pros and cons of every loan. Every client is different. Some can manage their money well and others not as well. So we want to cover all options for all clients

  • @joelmartinez2278
    @joelmartinez2278 2 месяца назад

    Both bad ideas

    • @MortgageSpecialistsLLCOmaha
      @MortgageSpecialistsLLCOmaha  2 месяца назад +1

      We would disagree

    • @Tryp-j9d
      @Tryp-j9d 2 месяца назад

      @@MortgageSpecialistsLLCOmahaBecause YOU are a SCAMMER!! Of COURSE you WANT to TRICK people into borrowing at MUCH HIGHER. INTEREST RATE!!!!