The Home Equity Line of Credit or The Helock has long been one of my favorite financial products.

Heck I even wrote a whole book about how to use my he-lock to pay off your mortgage.

The Home Equity Line of Credit is a great financial tool that you can use to reach a variety of

financial goals, whether you want to pay off high interest debt, invest in real estate, or pay down the principal

balance of your primary residence.

Now I got a ton of questions about using Heilock.

So this video is going to act as a resource to answer some of those most commonly asked questions.

Now if you've got equity in your home and you've ever considered using that equity to reach your financial goals,

this one is for you. Now if you're not sure what I'm talking about I won't be going into the mechanisms of equity in this video

but if you're unclear about what equity is how to build it or access it check out this video it's called the ultimate guide for leveraging your home equity to invest.

I put a lot of work into that video so we'll have it linked up here I think in a card

that floats up above here and also in the description below.

Now with that being said, let's get into this Heelock FAQ, including my top tips for

using a home equity line of credit in 2024.

How much can I borrow with a home equity line of credit?

That's question number one. Well most banks will allow you to access up to 85% of your

available equity but this can vary based on your lender and of your

personal finances.

again, it's amazing, right?

If you've got a, you know,

if you've got a hundred thousand dollars in equity sitting in your home right now, you could pull out $85,000 and use that to buy investment real estate.

Next, how does the interest rate work on a helock?

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