In this video, we highlight some of the most effective ways to access your home equity—without the uncertainty of a variable-rate Home Equity Line of Credit (HELOC). Whether you're renovating your home, consolidating high-interest debt, or making a large purchase, it's important to choose the right financing option.
We'll walk you through smart alternatives including cash-out refinancing, fixed-rate home equity loans, personal loans, reverse mortgages, and shared equity agreements. Learn how each solution stacks up—so you can make a well-informed decision aligned with your financial goals.
Watch now and visit us at LendGo.com to explore your options.
We'll walk you through smart alternatives including cash-out refinancing, fixed-rate home equity loans, personal loans, reverse mortgages, and shared equity agreements. Learn how each solution stacks up—so you can make a well-informed decision aligned with your financial goals.
Watch now and visit us at LendGo.com to explore your options.
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LearningTranscript
00:00Alternative to Helic – Best Options for Accessing Home Equity
00:04Your home is more than just where you live. It's a powerful financial tool.
00:09If you've been considering a Helic to tap into your home equity, you're not alone.
00:14But with variable rates and unpredictable payments, it's not always the best fit.
00:19Fortunately, there are smart alternatives.
00:22Cash-out refinancing replaces your current mortgage with a larger one, giving you the difference in cash.
00:28You'll enjoy fixed rates and a single monthly payment, though it may extend your loan term.
00:34Home equity loans are another strong option.
00:37Think of it as a second mortgage that delivers one large lump sum with fixed interest and predictable payments.
00:43Ideal for major expenses like renovations or debt consolidation.
00:47Looking for something unsecured?
00:49Personal loans offer fast cash without putting your home on the line.
00:53While interest rates may be higher, they're great for smaller, short-term needs.
00:59For homeowners age 62 and up, a reverse mortgage can unlock equity without monthly payments.
01:05Just know that it reduces what you can pass on to heirs.
01:09And if you're open to innovation, shared equity agreements let you access cash now, without debt, by sharing future appreciation with investors.
01:17Choosing the right option depends on your goals, repayment comfort, and how much equity you want to unlock.
01:24At LendGo, we make comparing top lenders easy, so you can find the lowest rates with just a few clicks.
01:31Start exploring today and see how much you could save.
01:34LendGo.
01:35Where lenders compete and you win.
01:38Visit www.lendgo.com for more home buying tips.
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