HELOC Rates Explained (And How To Get The Best Rate) | NerdWallet скачать в хорошем качестве

HELOC Rates Explained (And How To Get The Best Rate) | NerdWallet

A HELOC, or home equity line of credit, is an option for accessing your home equity. A pro for them is that they don't change your primary mortgage's interest rate which is beneficial when you bought or refinanced when rates were low. However, a HELOC comes with it's own interest rate and they tend to be higher than mortgage rates. Home Nerd Kate Wood is joined by Taylor Getler to talk about how HELOC rates are determined, the variability of HELOC rates, and what you can do to get a lower rate. Suggested Articles: HELOC Calculator - https://www.nerdwallet.com/article/mo... Chapters: 0:00 - Intro 0:45 - How Are HELOC Rates Determined? 1:02 - Prime Rate Explained 1:13 - Margin Explained 1:35 - What Is The Variability Of HELOC Rates? 2:06 - What Can You Do To Get A Lower HELOC Rate? 2:16 - How To Get A Lower Rate 2:31 - How Can You Keep HELOC Payments Manageable? #NerdWallet #HELOC #HELOCRate Subscribe to NerdWallet - https://bit.ly/3wGvVf3 About NerdWallet: We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions. Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here. Connect with NerdWallet: Follow NerdWallet on TikTok:   / nerdwallet   Follow NerdWallet on Instagram:   / nerdwallet   Follow NerdWallet on Twitter:   / nerdwallet   Follow NerdWallet on Facebook:   / nerdwallet   NerdWallet Website: https://nerdwallet.com HELOC Rates Explained (And How To Get The Best Rate) | NerdWallet    / nerdwallet