Episode 413: The Closed-End Second Mortgage Consideration for High Interest Debt
In this episode, we ask: Do you have a mortgage? What about the hidden potential within the walls of your home? Would you like to hear Episode 157? What’s been going on with the mortgage industry recently? What are the hidden costs of home ownership?
Not Your Average Financial Podcast™
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Show Notes
In this episode, we ask:
- Do you have a mortgage?
- What about the hidden potential within the walls of your home?
- Would you like to hear Episode 157?
- What’s been going on with the mortgage industry recently?
- What are the hidden costs of home ownership?
- What is a home equity line of credit (HELOC)?
- What is a closed-end second mortgage?
- What are the disadvantages and risks of a HELOC?
- What about a cash out refinance?
- What are the options?
- How about some examples?
- What are the risks?
- What are the takeaways?
The topics presented in this podcast are general information only and not for the purposes of providing legal, accounting or investment advice. On such matters, please consult a professional who knows your specific situation.
Matthew Shanlian is the Vice President of Lending for Crosscountry Mortgage, LLC. the Largest independent mortgage bank in the United States. For the past 15 years, he has focused on educating and supporting the financial services industry and their clients. Matthew travels the country to train financial professionals on Strategic Equity Planning for their clients. He believes that the having a plan for your home is paramount to a building wealth.
Reach out to Matt Shanlian | Call Matt at (330) 414-8856