A Home Equity Line of Credit (HELOC) Explained by RMLEFCU
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- เผยแพร่เมื่อ 25 ก.ค. 2024
- Kenya from the Rocky Mountain Law Enforcement Federal Credit Union in Denver, Colorado explains what HELOCs (Home Equity Lines of Credit) are and how you can use them. In this episode we discuss the difference between a Home Equity Line of Credit and a conventional home equity loan. We discuss the advantages and disadvantages of HELOCs and how you can use them.
For more information please visit www.rmlefcu.org or call (303) 458-6660.
The Rocky Mountain Law Enforcement Federal Credit Union is a Credit Union for members of law enforcement and their families. Branches are located in the state of Colorado.
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WOW! Good video. Not many questions left. Excellent explanation.
Wow! What a clear and easy explanation! The speaker in this video did excellent!
That was a very clear and informative video. Exactly what I like. I will watch all your videos and sub. Thanks
This video was really awesome. Thanks for the clear explanation.
this lady is adorable
Best explanation so far! Thanx!
Thank you very much . You made very easy to understand. Thanks again
Great explanation.. really understand the concept now.. thank you!
WOW SUPER NICELY EXPLEINED. MUCH NEEDED. THANKS FOR YOUR VIDEO
Best explanation I have found on a HELOC!!!
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Very informative video, lady.
Great video, thanks for the information
Nice view from San Francisco ca.
great video
Good video. I especially like the filthy window in front of which this video was filmed.
Can you use the money loaned and apply it to the principal of your home loan?
Hello Kenya, thank you for the wonderful video. I am looking to obtain a Heloc but there is still a lot of stuff that I still don't understand so hopefully you can help me with some of the questions.
Hypothetically speaking.
I have a 500k mortgage and I was given a Heloc for 200k with an interest rate of 5%. I immediately withdraw 50k from the Heloc and drop it into my mortgage, so now my mortgage is reduced to 450k. My HELOC balance is now 50k. So do I pay the monthly interest of 5% on the initial 200k + another interest on the 50k as well? And don't forget the interest on my 450k mortgage.
Kenya !!
wow you broke it down in dummy terms now i understand
Can one get HELOC if house is all paid for and no job?
and paying off your home mortgage in 5-10 years
wow...Kenya ;) #hottie
Has anyone actually got a HELOC from them?
What credit score is required?
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Wait her name is Kenya Moore like the Atlanta Housewife??! LOL She is gone with the wind fabulous 😂😂😂 💃 💨
Heloc? Lolol.. dont ever do that. You will lose your home...you have to pay that loan back and your mortgage on top of that loan. Crazy!
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