Private Wealth Academy Blog

Mindblown: a blog about philosophy.

  • Will You Qualify for a HELOC?

    Curious what requirements you need to get approved for a HELOC? Today we wanted to quickly review the basic HELOC requirements you’ll need to qualify. Luckily a home equity line of credit is easier to get approved for than a mortgage. HELOC REQUIREMENTS:1.    Must have at least 10-20% equity in the home2.    Must have a…

  • Using a HELOC to Build Wealth on Auto-Pilot

    Are you beginning to see how using a HELOC can build wealth and boost your cash-flow? Want to take that a step further & pay off your HELOC faster without a lot of extra work?Our HELOC Hyperdrive Strategy will help you to pay it off 43% faster.By routing ALL of your income through your first lien HELOC…

  • When Is the Best Time to Get a HELOC?

    Wondering when it’s a good time for you to get a HELOC?While economic conditions are changing constantly and everyone’s financial situation is slightly different, there are certain times that opening a HELOC just makes sense. Here Are 8 Good Times to Get a HELOC: 1. When You Have Decent Equity in the HomeIf you’ve made a…

  • Is a HELOC Strategy to Pay Off Mortgage Right for You?

    What’s holding you back from getting a HELOC? Are you wondering if a HELOC is actually right for YOU? A home equity line of credit (HELOC) is one of the most powerful types of financing. It also allows you to borrow only what you need, when you need it. Which is perfect during tight financial situations…

  • What to Know Before Applying for a HELOC

    Did you know the average U.S. homeowner has $270,000 in equity? The average homeowner has more equity in their homes to borrow against than ever before. Just think, $100k, $200k, $300k (or more) to use for debt consolidation, real estate investing, ongoing projects, home renovations, or whatever else you need. And it’s super flexible. You only have to borrow what…

  • How to Choose the Right Home Equity Line of Credit Lender

    Are you getting ready to start shopping for A home equity line of credit lender? Hopefully, you’ll take advantage of the Half Your Mortgage program. HELOCs can be complex. When dealing with an asset as valuable as your home & equity, this isn’t something you want to learn on the fly. A home equity line of credit…

  • How to Use a HELOC: The 6 Biggest Mistakes to Avoid

    Have you been wondering how to use a HELOC correctly? Are you secretly afraid of making a mistake while getting your HELOC? It’s also okay to be cautious and ask questions. This is your home we’re talking about after all. A home equity line of credit (HELOC) can help you get access to cash quickly and…

  • Should You Use a Big Bank for an Equity Line of Credit?

    Did you know that HELOCs have been around since 1929? Home Equity Lines of Credit got their start during the Great Depression when many farmers needed loans to avoid foreclosure. Despite their long history, the popularity of HELOCs have come and gone over the past several decades. They’ve also evolved over the years, conforming to the…

  • Which Lenders Provide the Best HELOC Rates & Terms?

    Wondering which lenders offer the best HELOC rates? While some big banks DO offer HELOCs… Regional banks and credit unions tend to offer the lowest rates and best terms (not to mention a more personable, human touch.) Here are just a few reasons you may want to also consider starting your search for a HELOC at your local credit…

  • What to Expect When Talking to a HELOC Lender

    Curious as to what you can expect when talking to a HELOC lender or loan officer? You’ll typically meet with a loan officer after prequalifying for a HELOC.(Although it may be earlier in the event that you choose to work with a credit union or bank in your local area.) When meeting with a loan officer,…

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