Investment Finance Tips : Tips on Home Equity Loans | Making ...

Video Caption:

This is financial adviser Patrick Munro talking
about what is the definition of a home equity loan. Of course our home is our biggest assets
when we get one and we take out our primary loan, we start to achieve a higher rate of
return when we pay down the mortgage balance and of course the appreciation over time the
house gets worth more. The difference between the two is called home equity. And of course
you are able to take that out of your home by way of a home equity line of credit. And
it?s a great wealth building tool going forward that works best when real estate house values
are going up in value. In current times however, the house values in many states are going
down in value and banks are of course are suffering a credit crisis and not making loans
as much as they use to. So it?s mindful of you to always make sure that you have the
best credit available so that you can take advantage of home equity lines of credit.
This is Patrick Munro financial adviser.

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5. Personal Investment & Loan Tips : Personal Unsecured Loans

Tagged in adviser, cheat sheet, definition, Finance, financial adviser, home, home equity line, home equity lines, home equity loan, home equity loans

Source: http://windymate.com/economics-finance/investment-finance-tips-tips-on-home-equity-loans/

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