Home Equity Loan

Banker Q&A on Coronavirus Impact on HELOC





In this video, we brought back Mr. Ron Bork (NMLS: 55343) a 30+ year veteran in Banking to do a quick Q&A on how the Coronavirus (COVID-19) has impacted the banking system, specifically the HELOC offerings (Home Equity Line of Credit)

How to Pay Off Your Mortgage in 5-7 Years:

Why You Should NEVER Refinance:

Our LAST HELOC Update with COVID-19: (March 17th 2020)

If you’re thinking about getting a HELOC (Home Equity Line of Credit) or an All-In-One Loan, you may want to know what’s happening in the banking system and policy right now. Due to the Coronavirus epidemic, the Federal Reserve and the Financial Institutions have reacted to the uncertainty and the economic impact that the virus has created. Many of you may have questions about the Home Equity Line of Credit and how the Coronavirus is impacting many of the banks.

We’re asking critical questions such as:

1.) Are the Banks still giving out HELOCs?
2.) Are banks shutting down HELOCs? or even freezing them?
3.) What’s happening the to the Federal Reserve Interest Rates?
4.) What are the mortgage rates and refinancing rates look like right now?
5.) Is this a good time to refinance in general?
6.) Why refinancing a home is NOT a good idea right now

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The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investors! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)

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#heloc #coronavirus #mortgage

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—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

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2 comments

  1. Time to pay off debt and save money baby!!!

    Reply
  2. Great job guys I'm very intrested in that all-in-one loan.

    Reply

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