logo
episode-header-image
Oct 2023
15m 14s

1092 - HELOC vs Home Equity Loan: Pros &...

BIGGERPOCKETS
About this episode

Choosing between a HELOC vs. home equity loan is a big decision. HELOCs have variable interest rates and home equity loans have fixed rates, but that’s not the only difference.

Check out how they compare to see which makes the most sense for your real estate business.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Yesterday
Homes Are Beginning to Sell Below Purchase Price at a Higher Rate
Many home sellers are still sitting on strong equity, but that’s not the case everywhere. A new Redfin analysis reveals nearly 6% of homes listed in May were at risk of selling at a loss—up from 4.4% last year. The risk climbs sharply for condos and homes bought after the pandemi ... Show More
10m 1s
Aug 24
Sunday Hustle | Google Your Way to $750-$2000/Month!
MOAT Method Episode Link Want to get on the show? APPLY HERE! Helping small businesses shine online by setting up their Google presence can transform their client outreach and boost visibility. So, how do you effectively claim and enhance a Google Business profile for your local ... Show More
23m 22s
Aug 23
Homeowners Continue to Become Equity Rich as Buyers Struggle
In today’s episode, we break down two major reports that show a growing split in the U.S. housing market. On one side, nearly half of all mortgaged homeowners are now equity rich—owing less than half of their home’s value. On the other, affordability has reached its worst level i ... Show More
9m 17s
Recommended Episodes
Feb 2021
How to save thousands on your home loan
One of our biggest financial milestones in life is buying a home. From saving up for a deposit to applying for a mortgage and having it approved is a dream come true for millions around the world. Buying property is also one of the best investments we can make – even if it doesn' ... Show More
18m 20s
Nov 2023
847: How to Fund Real Estate Deals Right Now w/Zach Lemaster
Yes, there are STILL rental property mortgages with low interest rates AND low money down, even in 2023. These investment property loans are unknown to most real estate investors simply because they don’t know where to look or who to ask about them. Which loans are we talking abo ... Show More
1h 4m
Sep 2022
The Rent Vs. Buy Decision In 2022's Interest Rate Environment (And Lofty Market)
When I did a rent (and invest) vs. buy analysis back in January 2021 with a 2.6% interest rate, the results were pretty neck-and-neck. As rates climbed this year, I figured it would be fun (I’m using the word “fun” loosely) to revisit the exact same scenario with the higher rate. ... Show More
1h 11m
Apr 2024
943: BiggerNews: Can’t Qualify for Another Mortgage? Try THESE Investor Loans w/Jeff Welgan
Want to scale your real estate portfolio faster? These investment property loans can help. Most real estate investors get stuck early on in their journey. They buy some properties and build up some comfortable cash flow, but then…they can’t qualify for another loan. They’ve eithe ... Show More
35m 22s
Feb 2023
385: How to Use Equity in Your Home to Reach Financial Freedom Faster
Your home equity could be the secret sauce to earlier retirement. With so many homeowners and rental property investors across the nation sitting on hundreds of thousands in home equity, one asks, “what if you used this trapped equity to build wealth?” And although most homeowner ... Show More
57m 15s
Dec 2023
Renting vs. Buying: What's Right for Me?
Most of us have heard from well-meaning friends or family members that real estate is always a good investment –– and though it can be, blanket advice like this can often do more harm than good. In this re-release episode, Tori’s talking about the biggest financial mistake she al ... Show More
31m 54s
Feb 2021
170: Finance Friday: Trading Debt for Cash Flow and Liquidity with Teacher Erik
Erik and his wife have three big debts to tackle: their mortgage on their primary residence, their mortgage on their rental property, and a HELOC (home equity line of credit) taken out as the down payment for their rental property. So, which debt should they tackle first?As two s ... Show More
1h 19m
Oct 2023
Costs of Being Mortgage Free
There's a lot money tied up in our homes, so should you pay off your cheap mortgage? What are the costs to access all of that money should you need it? At Bank of America, it could cost up to 10% for a home equity line of credit. We talk about the potential future of bond prices. ... Show More
40m 7s
May 2024
409: Fundamentals of Funding: How to Get Approved for a Mortgage (Step-by-Step) w/Jeff Welgan
Knowing how to get a mortgage is a crucial step in your journey to buy a rental property. Of course, the money side of things can be intimidating. How do you find a lender? What type of mortgage do you need? When should you get a preapproval? You likely have all sorts of question ... Show More
56m 24s
May 2022
303: The Secret Steps to Getting Qualified for the Best Mortgage Possible
You may have seen mortgage tips posted throughout the forums or in the BiggerPockets Money Facebook Group, but rarely do you get preapproval tips straight from a lender themselves. As the housing market stays hot and interest rates continue to rise, it may seem harder and harder ... Show More
1h 10m