Which Is Better A HELOC or a CASH OUT REFI In 2024?
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- เผยแพร่เมื่อ 13 ก.พ. 2024
- In this video we are going to discuss whether you should use a HELOC or Cash Out Refinance in 2024. We are going to go over each loan types basic details, the pros and cons for each loan, and address which loan is best to use in 2024. We will also cover some best use cases for each loan.
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Thank you
Thanks you for watching David! I'm always available if you have any questions. Scott@homeportresidential.com 858-255-1943
your correct on everything you said.
Thank you for the kind words!
Amazing video! Thank you for being so educational. Could you maybe make another video of heloc and show an example to understand payments etc.
Thank you so much!very informative!
Thank you so much for the kind words! I'm always available if you have any questions. 858-255-1943 or Scott@homeportresidential.com
Thank you for this video! What type of loan would you recommend in order to pull out money from the property bought for cash on foreclosure auction sale in order to have money to renovate it and buy new one at another auction? Your answers will be appreciated, thanks in advance!
Hello Momcilo thanks for your question. In your case I would look at the payments and interest rates for both and see which one suits your needs best. You should also look into a Home Equity Loan if you have access to a local credit union. A Home Equity Loan has a fixed interest rate, and if you go through a credit union, like Pen Federal for example they have very low closing costs.
I definitely will! Thanks for your response !
Your eyes! But thanks for the video 😅
lmao
lol they do something weird at 1:53-1:57
Thank you ! Question so my house is paid off and i did ran into an opportunity for a land purchase so im just not sure what loan to get the cash out loan?
Thanks for the question. Feel free to give me a call and we can discuss your question in more detail. 858-255-1943
Hi, I’m thinking about refinancing my home but I’m also thinking about a HELOC as well.. Need some help deciding
Hey Mario thanks for your comment. You can feel free to give me a call at 858-255-1943 or you can send me an email Scott@Homeportresidential.com
I have my house with 3% mortgage rate through a freedom mortgage company my house is not fully paid off just yet and they (freedom mortgage) says they don’t do heloc 😮 what should I do?😪I’ve talk to one guy in the past few weeks he mentioned fill an app out that would write me a check for about as much as I have put into the house already but would raise my mortgage from 1k to 1600
Thanks for the question 231smooth. I would need more information. You can shoot me an email at Scott@homeportresidential.com Or you can call me at 858-255-1943. Have a great day.
@@HomeportResidential cool thanks you too! I’ll send an email .
How often do rates adjust for HELOCs?
Great question Samuel. The rates on HELOCs tend to adjust with the market, similar to conventional purchase loans. In most cases the HELOC rate will be between 1/4 to 1/2 point higher than interest rates for purchases. Depending on the lender you are working with of course.
@@HomeportResidential thank you!
Let's go HSL-46
Hey Biglosk always great to see a fellow Grandmaster :)
Great information thank you. HSL-60 actually. Same team.
Fix your title. Should be HELOC or Cash Out Refinance in 2024
I see. Great catch and thank you for your help!