What Is A Home Equity Loan? | The Red Desk

Get a free Home Equity Loan quote with RocketMortgage.com. CLICK HERE: www.rocketmortgage.com/alf/ba...
Did you know you could tap into the equity of your home to access cash for large expenses or other things life throws your way? In this episode of The Red Desk, we explore the ins and outs, as well as the upsides and downsides, of a home equity loan.
0:00: Intro
0:39: Why You Might Need A Home Equity Loan
1:24: How It Works
2:52: The Upsides Of Home Equity Loans
4:01: The Downsides of Home Equity Loans
4:57 : Other Financing Options

[@Hipsterfoxi]

That 2nd mortgage isn't a "few hundred" it's basically the same amount as the mortgage you are current paying maybe tiny bit taken off. So pay check to pay check people like the majority of us are don't think of this as helping you at all. Credit card is the better option unfortunately. If you have something major happen to your home. This loan is purely for if your funds are stable.

[@jasonmays1844]

I appreciate the honest info. Great video

[@choosetoshine2610]

Excellent content and informative! New subscriber. ❤🎉❤

[@thesnooch]

295k views and no comments?

[@streetfighter1234ish]

do you have to use the morgage company your with or can you use a differnt bank

[@victoriaperez3815]

Can you get a home equity loan with a co-signer that’s not on the original mortgage loan?