We may not be comparing real apples and oranges, but we’re coming pretty close in the home financing industry. And if you’re at all interested in using your home’s equity to access cash, then this comparison is for you.
As we discussed in our last email, there are two common ways to get cash from your home—a Home Equity Line of Credit (HELOC) or a cash-out refinance.
In the current environment, many people want to keep the great interest rate they already have on their home loan, so they automatically choose a HELOC over a refinance. But wait—there’s a big difference that can make the benefits hard to compare at a glance. HELOCs have adjustable interest rates, whereas most home loans are fixed.
Take a look.
If you’re interested in exploring your options more or you have questions about home financing, please reach out. I’ll be happy to help.
If you ever wondered how to properly make a flyer here is an example.
Make sure the address and description is visible, embed a QR Code on your flyer so people can scan, include multiple pictures and make sure the kitchen is on the flyer. It is also a great idea to Co-Brand with a financial institution like below you have the lender on one side and the realtor on the other side. If you are a realtor contact jason.smith@sublimefinancial.com he can do these for you on your MLS listings for free!!!!
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