The 3 Best Ways to Access Your Home Equity WITHOUT Refinancing
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- Опубликовано: 5 окт 2024
- In this video I share with you the 3 best ways for you to access your home equity.
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Hey, Jay. First off first time coming to the video and I gotta say you broke everything down perfectly. After watching all these other videos I can honestly say I know what the three options are. Thank you! Next, I have a question. I want to take a HELOC out for paying off debt and if enough make that investment on a new long term home. Is that something I can do with the combination of both paying off debt and using it for an investment? This is with everything you mentioned about not getting back into debt. Thanks,
Thank you jay ! First , how do I go about getting a HELOC ? I’m in Texas & my bank ( Chase ) doesn’t offer HELOC . What is the process ? My wife & I are thinking about buying a home with the HELOC , sell our home which we’ve owned for the past decade and payoff the HELOC once we sell our home . Hope it makes sense but that’s why I’m asking you . Keep up the good work !
Hey Thanks for the kind words. I would look up the best local credit unions in your area and give them a shot first. They usually are the most competitive. Also, make sure you ask if there are any early "termination" fees, meaning if you sell the house with a HELOC balance, it will be paid off at closing automatically from the sale. And many times if you do this within the first few years of a new HELOC, there will be an early termination fee of some sort. Keep us updated and thanks for watching!
@@JayCosta Thank you for the advice ! I’ll definitely keep you updated .
Does the amount of The loan help determine which way to go to pull money out to buy a new property ?
Do you need good credit for heloc?
what is the best to pay off debt?
Depends on which kind of debt?
@@JayCosta CC Debt
I am currently looking for a HELOC for an investment property, thanks
awesome! Where are you located? I would suggest starting with a local credit union in your area. Thanks for watching!
thanks for sharing this video, I did learn from this one as well
Glad to hear it, thanks for watching!
I paid my mortgage 6months ahead and last month they applied my extra payments towards my principal and instead of my due date being December 2024 , it's now changed to August 2024. Can this be reversed or anything I can do to bring my payment due date back to where it was before they applied it to principal???
can i edit Your RUclips Videos?
First 😂