If you're thinking about tapping into your home's equity with a helock or a home

equity line of credit, there are some things that you should probably know. Some of the best strategies, tips, and

tricks around using a helock are not well known, and you're certainly not going to get this kind of

financial education from your banker or your financial advisor. They will not tell you about this.

Chances are they have no idea what we're even talking about on today's show.

That's why I'm going to walk you through some of the hidden secrets you should know

in order to successfully utilize a Heloc.

But first, let's cover some basic groundwork about the Home Equity line of credit.

Traditionally, the Heloc was created as a way for homeowners to obtain a line of credit based on their homes equity

to make improvements in their home.

For example, if you wanted to add on to your home or replace your roof, a home equity

line of credit allows your equity, allows you to use your replace your

home equity line of credit allows your equity,

allows you to use your equity to make those improvements.

Now I remember growing up, that's something my parents did, right?

They wanted to put in carpeting in the basement,

they wanted to fix a window and fix the roof

they would take money out using a home equity line of credit never really

occurred to them at all to use that to go out and invest in real estate, right? And that's how a lot of Americans think,

unfortunately. There are not a lot of limitations on what you can actually use a Helock for.

And if you use it right, a Helock, it can be a powerful tool for up-leveling. A he-lock can be a powerful tool for up-leveling your finances. No matter your goal,

leveraging a he-lock can be a smart way to help you get there. So let's get into the hidden secrets of successfully

...