Should You Use Your Home Equity to Pay Off Debt in This Market? скачать в хорошем качестве

Should You Use Your Home Equity to Pay Off Debt in This Market?

Turn your home equity into a plan, not a panic button! This episode gives a clear, practical checklist for using a HELOC or second mortgage wisely: how they work, what they cost, when they help, and when alternatives (like a consumer proposal) will protect your cash flow and your home better. Listen first, then decide with the numbers. (00:00) Toronto condo stress and Welcome to Scott Terrio (05:00) What a HELOC is and how it works (07:30) Second mortgages: key risks (09:00) Home “value” is changing in this market (11:00) HELOC pitfalls and personal risk (15:30) Why many homeowners resist selling (17:00) Could creditors place a lien anyway? Get the numbers (21:00) Banks can cut credit access—even existing limits (25:00) Snapshot of cash flow: budget vs. “budgeting,” emergency funds (31:00) Rebuilding plan: why it isn’t too late Think Twice Before Getting a Home Equity Line of Credit Episode with Scott Terrio – Debt Free in 30 https://hoyes.video/heloc-pod HELOC Debt: Is a Home Equity Line of Credit Right for You? Hoyes Michalos https://hoyes.tips/home-equity DIY Free Credit Repair Course https://hoyes.tips/credit-repair-course Sign Up for the Monthly Debt Free Digest https://hoyes.tips/subscribe-newsletter Hoyes Michalos YouTube Channel    / @hoyesmichalos   Learn About Debt Relief Options in Ontario https://hoyes.tips/debt-relief-ontari... Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.