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Episode 23: In this episode, Tom & Brandon explain the differences between two types of products you can use to tap into your home equity. A HELOC, or home equity line of credit, or a cash out refinance on your mortgage.

What was discussed:
→ What a home equity line of credit (HELOC) is and some use cases.
→ What a cash-out refinance is and some use cases.
→ And what would be a better way to gift funds to your children.

Chapters:
0:20 What is a Home Equity Line of Credit (HELOC)?
1:38 What is a Cash-Out Refinance?
3:08 Both Require Equity in Your Home
3:30 Different Use-Case Scenarios
7:33 Gifting Funds to Children
8:56 Recap

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Disclaimer:

The content provided on ”The Invested Entrepreneur” is for informational purposes only and should not be considered financial advice. We are not financial professionals, and you should consult with a qualified advisor before making any financial decisions based on the information presented in this podcast. Your financial situation is unique, and personalized guidance is essential.

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