Do You Know What The Term "HELOC" Stands for?

By
Real Estate Broker/Owner with PrimeSouth Properties

Do you listen to the smartest guy in the room or do you listen to the loudest guy?  Sometimes they might be the same person.  Sometimes they may be different folks. 

Unfortunately, we do not live in a black and white world.  I am not trying to add a social commentary with my last comment.  My comment is intended to indicate that everything is not cut and dried.  There are different shades of gray.

My dad always used to say we all need to meet in the middle.  He was a very opinionated man but he was strong in his beliefs, which was passed on to me.  Hence, I can say that we all need to be open to others beliefs, to listen and to learn, to take care of family and friends and believe that if we do what we think might be the right thing, that it may not be the right thing and we might need to change our opinions and deeds later in this life. 

My dads generation believed very strongly in owning his home.  He had a mortgage burning ceremony when he payed off his 30-year fixed rate loan. 

We have changed our business practices over those years and we need to be fully knowledgeable about the various business products that are available and chose the one that is best for the intended purpose. 

A HELOC can afford us a very good way of accomplishing renovations or reducing higher loan payments until we finally fix the problem of carrying too much credit payments or other loans. 

 

 

Owning a home comes with all kinds of perks. Like getting a loan to help with upgrades and improvements — at a far lower rate than with a credit card.

 

 

 #thehelpfulagent #heloc #listreports #themoreyouknow #houseexpert #home #realestate #realestateagent

 

 

 

There are buyers out there! If you’ve thought about selling, let’s take a look at what you could get for your home. Text WORTH to 850-517-7098 and see what your home is worth!"

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Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I did already know what that stood for, but no new loans for me.

Jul 03, 2020 02:15 PM #1
Rainmaker
4,874,202
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Peter,

Yes, both of us knew what this meant, and we listen to our gut feelings mostly, and they have been very accurate.  A

Jul 03, 2020 04:17 PM #2
Rainmaker
3,650,762
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Peter - yes, I also knew the term but I am sure there are MANY non-industry types that will benefit from the education and the insight.  Probably LOTS MORE.  

Jul 03, 2020 08:27 PM #3
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Peter Mohylsky. The Santa Rosa Beach Expert

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