HELOC Vs Second Mortgage [Which is right for you?]

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!

0:00 Welcome

‍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

‍10:34 HUGE Pro Tip!‍

11:44 What to Know if You are Refinancing!

Watch on YouTube: https://youtu.be/uvofgyHcCAc

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