Mortgage 101: Home Equity Lines of Credit

Join John Alexander and David Villarreal from financial services company Affinity Partnerships to learn about Home Equity Lines of Credit (HELOC) and how they can provide you with some much-needed cash. In this portion of our Mortgage 101 mini-series, we learn the basics about HELOCs, including how they work and how to qualify. The discussion also touches on the differences between cash-out refinancing and HELOCs. For example, you don’t typically need a full appraisal to obtain a HELOC. If a situation arises where you need immediate cash, then a HELOC might be the perfect solution for you.