823: Q&A: How Do HELOC Interest Rates Work? - Episode 823

Investing in Real Estate with Clayton Morris | Investing for Beginners

Clayton Morris

Investing, How To, News, Education, Business, Business News

4.1 • 1.1K Ratings

🗓️ 7 March 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How do interest rates work on a home equity line of credit? What's the difference between a fixed rate HELOC and a variable rate HELOC? And which one is better for investors? That's the topic of our first question on today's Q&A episode!

On this episode of Investing in Real Estate, I'm taking a swing at three listener questions on HELOCs, non-recourse financing, and what type of loan to get for a duplex. Join me on today's show to hear my answers to your questions!

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome into the investing in real estate show. I'm Clayton Morris, longtime real estate investor, founder of the full service rental real estate company called Morris Invest.
0:14.6	You can learn more about going to Morris Invest.com.
0:17.3	We've got tons of great resources and blog posts as well as our financial freedom cheat sheet,
0:21.6	which is totally free.
0:23.0	I would encourage all of you to go and grab that at Morris Invest.com
0:26.7	slash freedom.
0:28.0	Say on our show today we've got our Q&A episode where you ask us questions and we try to answer them here
0:34.3	anything that's related to real estate taxes passive income financing all of that we
0:39.4	try to tackle here so we've got three great questions from three great
0:42.4	listeners you can leave us a question as well here. So we've got three great questions from three great listeners.
0:43.0	You can leave us a question as well.
0:45.0	Try to keep it to like 30 seconds if you would.
0:48.0	Just go to our website Morris Invest.com and there's a big microphone button
0:51.0	right on the right side of the screen.
0:52.0	Just click that and record your voice. a big microphone button right on the right side of the screen.
0:52.6	Just click that and record your voicemail question and we will attempt to answer it here on the
0:58.1	show.
0:59.1	So let's dive into it without further ado on this Monday. Our first question comes to us from
1:04.1	Giuseppe. Hey Clayton this is Giuseppe I'm from Rochester Hills in Michigan
1:09.6	hey I want to let you know that so I've been watching your videos especially on
1:13.6	Helock and I have about $80,000 in equity in my current house. It's my primary
1:20.5	house you know I spoke to the mortgage company or we'll just say I
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clayton Morris, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clayton Morris and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.