If you are considering refinancing your home this is a must watch!
In this video Stephanie covers 6 topics to help you decide if a Home Equity Line of Credit or a second mortgage is right for you. She'll explain how each affect the liens or title on your home and dives into what a Home Equity Line of Credit is and what it means to get a second mortgage.
There are benefits to each so it's important to know which one is the best fit for you! If you are flipping a property or planning to sell your property within the next 6 months a HELOC might be a good option. If you need long term financing, a second mortgage might be the way to go.
Stay tuned until the end for a very important Pro Tip!
1:15 Video Topic Overview
2:13 Effects on the Leins or Title
3:01 HELOC Explained
5:16 Second Mortgage Explained
6:10 Benefits of HELOC
9:30 Second Mortgage Benefits
11:44 What to Know if You are Refinancing!
Watch on YouTube: https://youtu.be/uvofgyHcCAc
Every year an average of 21 million people apply for mortgages in the US, and only around 7 million close. I'm on a mission is to change that by spreading mortgage education. Sign up for my newsletter to be a part of my Mortgage Peace Movement!