Talk Your Book: The All-In-One Home Equity Loan

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 16 October 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, Michael and Ben are joined by Jason Anderson, Regional Vice President of Northpointe Bank NMLS# 243209 to discuss: the All-In-One Loan, how interest rates affect home equity lines of credit, who this product may or may not benefit, the dangers of financial engineering, and much more! Find complete show notes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.com Past performance is not indicative of future results. The material discussed has been provided for informational purposes only and is not intended as legal or investment advice or a recommendation of any particular security or strategy. The investment strategy and themes discussed herein may be unsuitable for investors depending on their specific investment objectives and financial situation. Information obtained from third-party sources is believed to be reliable though its accuracy is not guaranteed. Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information. Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits talk your book is brought to you by North Point Bank.
0:03.2	You can go to northpoint.com, that's Point with the knee on the end.
0:06.8	Northpoint.com to learn more about their all-in-one loan with home equity line, that's northpoint.com.
0:14.6	Welcome to Animal Spirits, a show about markets, life, and investing.
0:18.5	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:23.7	All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the
0:28.0	opinion of Red Holt's wealth management. This podcast is for informational purposes only
0:32.5	and should not be relied upon for any investment decisions. Clients of Red Holt's wealth management
0:37.4	may maintain positions in the securities discussed in this podcast.
0:44.2	Welcome to Animal Spirits with Michael and Ben. Michael, for the last year, year and a half,
0:49.0	two years or so I've been talking about the huge ride and home equity that we've seen in this
0:53.6	country. I think it was, it's up, I don't know, $15 trillion since the beginning of the pandemic,
0:59.5	something like that. We're up to like 31.6 trillion at the last counting. People have a lot of money in
1:06.1	their homes. Some of it seems locked away because they have a 3% mortgage already and kind of like,
1:11.6	what do I do with this money? And so I've been saying for years that I think we're going to see
1:16.0	more creativity in the home equity line of credits that are offered to people.
1:22.5	And today's talk with Northpoint Bank is one of those opportunities. You want to touch,
1:28.0	you want to do something with your equity, don't you? It feels like it's just sitting there,
1:31.5	doesn't it? Safe and sound. Yeah, I don't know. There's a part of me that it's like
1:36.9	having my house be more and more paid off or the value went up so I have this equity is,
1:41.4	it is like a nice margin of safety, but I feel like you could handle having access to your
1:46.4	your house. Yes, the finance brain in me says I should be doing something with this money.
	...

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