26
Jan

Home equity loans

Simple example of borrowing from equity to fuel consumption

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25 Comments

  • andrew1996128 Said:

    U ARE AWESOME
    

  • REXAgreeement Said:

    I think this is great.

  • BareTheCareBear Said:

    Heey 25% off 1.5 million isn’t 325k but 375k. An easier way to calculate the 25% is to halve it twice instead of taking 75% off.

    Example : 1.5M /2 > 750k /2 > 375k

    Having basic ways how to calculate really helps, if you mess one number up the whole balance is wrong.

  • adamaqmal Said:

    nice share

  • CHOCHADE Said:

    your home is not an asset if it is taking money out of your pocket…. its an asset to the bank but not you…..so the whole 1.5m should not be in the asset column but the appreciation so equity gained works in your favour to be an asset

  • grupotusolucion Said:

    thanks for the video

  • calcularhipoteca Said:

    very interesting

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  • FortNikitaBullion Said:

    Home Equity Loan (HEL) = HELL.

  • RunFreeAtRecordSpeed Said:

    duh…

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  • zickpro Said:

    i like this video, thanks!

  • firebirdude2 Said:

    It’s hard for people to not spend money when they have a lot of it. So loans like these made people feel rich, when in fact, they were on a high produced by rising real estate. When real estate plummeted, the home owner was left holding a huge loan (in addition to their initial mortgage) after living like a king for a couple years. Did it happen to everyone? No, but even 50% is a disgusting huge amount. Foreclosures reached an all time high.

  • TheTruthHurtsYup Said:

    at the end after he said people were taking out equity loans all the while not having a job, but spending money like crazy, he should said ‘and that drove the economy DOWN’

  • DavidCFeathers Said:

    A brief introduction to the terms HEL and HELOC can be found at whatishel. com (What is a Home Equity Loan).

  • gomzalez Said:

    came on…

    you have $750k equity and asset and you spend 100k on vacation and you are left with $650k. is this a lesson?

  • theporksicle Said:

    So…how did all of this crazy creation of nonexistant wealth not cause rampant inflation?

  • andymission Said:

    The Creator
    Loves me and Loves You.

  • blackstrad2 Said:

    Soo can you pay for your liabilities through your equity? I’m assuming there is a way to do that or else you wouldn’t just keep cashing out your equity and piling up more liabilities

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  • allznew Said:

    Bad credit loans

  • allznew Said:

    good

  • ifginc Said:

    Integrated Financial Group provides you with flexible and hassle free mortgage plans that saves you from all home buying financial worries..

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