Should You Use a HELOC to Payoff Your Mortgage? скачать в хорошем качестве

Should You Use a HELOC to Payoff Your Mortgage?

The idea of using a Home Equity Line of Credit (HELOC) to pay off your mortgage is an intriguing financial strategy that has gained popularity in recent years. It's often touted as a way to save money on interest and potentially pay off your mortgage faster. But is it the right choice for you? In this episode, I aim to provide a comprehensive and well-rounded perspective on the subject. By doing so, I can help you gain a deeper understanding of the HELOC strategy and its associated implications. It is essential to consider both the advantages and potential risks before deciding if this approach aligns with your overarching financial goals. If you are seeking clarity on whether using a HELOC to pay off your mortgage is a suitable path for your financial journey, and if you want to make an informed decision that aligns with your unique circumstances, this episode is a must-watch. IN TODAY’S EPISODE, I DISCUSS: How a HELOC works The potential benefits and pitfalls The pros and cons of using a HELOC to pay off your mortgage ★★★ READY FOR AN UNSHAKEABLE FINANCIAL FOUNDATION? ★★★ Join the VIP EXCLUSIVE LIVE Experience called The Affluent Entrepreneur LIVE. It is totally FREE and it will be a 3-part deep dive into money, wealth, and the exact process you need to take control of your financial destiny. Go here to get on the priority VIP list www.AffluenceLive.com ★★★ TAKE THE FINANCIAL LIBERATION ASSESSMENT ★★★ Take this free assessment to see where you are on the path to financial freedom and what your next steps to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com ★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: Annuities...Investment, Insurance or Scam:    • Annuities...Investment, Insurance or Scam   What to Do Now to Lower Taxes Before Year End:    • What to Do Now to Lower Taxes Before Year End   Q&A Why Taking a 401K Loan Can Destroy Your Wealth:    • Q&A Why Taking a 401K Loan Can Destroy You...   My Favorite Investing Accounts (And How to Maximize Your Returns):    • My Favorite Investing Accounts (And How to...   ★ OTHER RESOURCES ★ 7 Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/ My website https://melabraham.com/ Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabraham.com/book/ Find me on Facebook   / melhabraham   Find me on Instagram   / melabraham9   Find me on LinkedIn   / melhabraham   Find me on Twitter   / melhab   Find me on YouTube    / melhabraham   ------------------------------------------------------------------- ★ WHO IS MEL ABRAHAM ★ ------------------------------------------------------------------- I’m a CPA by education but an entrepreneur by exhilaration, entrepreneur and author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. I’m the founder of Thoughtpreneur™ Academy & Business Breakthrough Academy where I help entrepreneurs bring their businesses to the world and build the lifestyle that they want. I have helped and advised some of today’s top entrepreneurs to build their businesses, create their wealth and find financial independence. After finding a cancerous tumor in my bladder larger than a baseball in June 2019, I began to openly teach The Affluence Blueprint™ because my cancer journey spotlighted the immediate and urgent need for entrepreneurs to find “financial liberation” and peace of mind. Most entrepreneurs are building a financial house of cards and don’t even realize it…and traditional financial advice will not work for them. Now it’s your turn! Meet Mel at http://melabraham.com/ Cheers, Mel ==== Time Stamps ==== 00:00 - Introduction 03:36 - Credit line with no interest if paid promptly 07:42 - Using HELOC to pay bills and mortgage 11:57 - Variable rates can change unexpectedly, affecting payments 13:10 - Be cautious about costs and balloon payment 17:37 - Consider risks, not just optimistic outcomes