Leanne Myles: What the heck is a HELOC?

HELOC? What the heck is that? Leanne Myles of Clinton Wilkins Mortgage Team explains.

Don’t feel like watching? Check out the video transcript below.

Transcript:

Leveraging the equity in your home is something you should consider long before you need it.

To put it simply, a home equity line of credit is the ability to access the cash in your home that you’ve already paid down through your mortgage. Access and the equity in your home at a time of crisis or at a time of a life change, often ends up in a client being very disappointed because they no longer qualify. Having your home equity line in place before things happen can mean the difference of being able to pay for medical bills, being able to get through a job loss, and being able to get through many of life’s circumstances.

If you have any questions about a home equity line of credit please don’t hesitate to give us a call.

Have any more questions, feel free to get in touch with Leanne here!