Using a HELOC to Build Wealth

Tired of strict financing options that don’t allow you to use funds the way you want?

With a HELOC you’ll never run into that issue…

Short on Cash? Why Not Try Using a HELOC to Build Wealth?

Unlike a mortgage which can only be used to finance a home, or other types of loans that can only be used for specific purposes, a Home Equity Line of Credit allows you to pay for expenses with more affordable interest rates.

Considering the fact that you’re borrowing against YOUR own money that’s already been paid into your home – there are things HELOCs should NOT be used for since it could be easily squandered if used carelessly.

If you use it to pay for things that are otherwise not affordable with your current income (like an expensive vacation), it can become just another type of bad debt.

One exception to this “rule” is in the event of a true financial emergency(as long as you’re able to make the payments).

That said, a HELOC is a fantastic financial tool when used wisely.

Here Are A Few Ways of Using a HELOC to Build Wealth:

6 Smart Ways to Leverage Your HELOC

1) Home Renovations
Spending HELOC funds to repair or renovate your home is a great investment choice since you’re building more equity and essentially putting the money right back into your home and increasing it’s value.

2) Safe Investments (Real Estate, Metal Markets)
As long as your investment isn’t too risky then using a HELOC can be a good way to use the money. If you’re also new to investing, we don’t recommend using the money to play the stock market or purchasing real estate if you don’t have a reliable way to pay off the property. Keep in mind that this is YOUR EQUITY so don’t invest in something unless you’re sure you’ll be able to retain the value or make your money back.

3) Large Necessary Purchases
Does your vehicle need repairs? Did your fridge or freezer go bad? Just had a baby? 

If so, a HELOC can be a great way to pay for these expenses without the sky-high interest rates of a credit card or personal loan.

4) Consolidate Debts
Have you been considering debt consolidation? If so, a HELOC may be the perfect solution. First analyze all the various interest rates of your current debts then compare that to your best HELOC offer – if the home equity line of credit can offer you a lower interest rate, you just found a quick and easy way to pay off your debt without getting a third-party company involved.

5) Education Expenses
Are you or a loved one currently paying for tuition or education expenses?  If you’re considering a student loan or you’re also currently paying for education related expenses with a credit card or personal loan – a HELOC might be a good solution for you. Before you sign on the dotted line, just make sure you compare interest rates to ensure you’ll be saving money.

6) Medical Bills
Do you have high-cost medical expenses or hospital bills that need to be paid? First shop around for a HELOC. You might find that you’re also able to save hundreds to thousands of dollars by paying for it with a HELOC instead of putting it on your credit card.

7) Emergency Fund
Do you have a rainy-day or emergency fund? If not, a HELOC can also be a great way to access cash in an emergency.

That’s why we recommend getting approved for a HELOC now 

…that way when that unexpected emergency does come along, you’ll have immediate access to the funds you need.

These are just a few of the many ways you can also use a Home Equity Line of Credit. With a HELOC you’ll have the flexibility to use funds any way you need, when you need it.

Inside the Half Your Mortgage program we’ll give you even more smart investment ideas and teach you our proven HELOC Hyperdrive Strategy to help you improve your cash flow and pay off your home in 5-7 years.

Check out how much Nickolas was able to save just by implementing the proven strategy inside the Half Your Mortgage program…

Wondering how long you can withdraw funds? We’ll be talking about that in tomorrow’s email. In the meantime…

Click the link to learn more about the Half Your Mortgage program.

We’ll show you how to… prepare your finances, boost your credit score,
calculate your debt-to-income ratio, get the right criteria your HELOC needs,
shop for lenders, the right questions to ask to ensure you’re getting the
best deal, what to do in the rare event you get denied and much more!

Learn More About the Half Your Mortgage Program

You can also Book a FREE Discovery Call with Our Team to discuss how a HELOC can half your mortgage (whether it’s new or existing) we’ll run through the numbers with you using our proprietary software, see how much you’ll be saving in interest & determine YOUR EXACT PAYOFF DATE!

Your friends in finance,
Private Wealth Academy