Home Equity Loan

Why I Hate HELOCS (Residence Equity Traces of Credit rating)





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Are you working with a Residence Equity Line of Credit rating (HELOC) as a current personal debt weapon? Are you wanting to switch to a HELOC? Matthew Pillmore, President of VIP Instruction, exposes some motives why HELOCs can be perilous and dangerous. What has your practical experience with HELOCs been? Allow us know in the comment section!

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8 comments

  1. New to all of these concepts but I watched your long videos and the value in practicing it seems high. What is the best first step for a newbie like me? I really don't want to end up unprepared when another recession hits. Will this still work then?

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  2. this was super helpful. After seeing your trainings it's obvious there are pros and cons and a variety of tools is best. Signed up for session…thnx.

    Reply
  3. Can you just get a new house and sign up for this or do you have to have a mortgage already

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  4. How exactly do you get paid or benefit from this?

    Reply
  5. great information. What about fixed rate HELOCs? thanks!

    Reply
  6. your kitchen is SO CLEAN !!

    Reply
  7. I recently got a personal line of credit but it doesn't show up on my credit karma account…will it still effect my credit positively it I'm using it properly?

    Reply
  8. we're your three that we're frozen first or second lien position?

    Reply

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