In this video, you will learn how home equity loans work. A home equity loan is a fixed-rate loan that you receive in one giant lump sum and repay in monthly installments.

A home equity loan allows you to borrow against the equity you already own in your home. This video will help you answer key questions, and teach you:

- What Is a Home Equity Loan?
- How Do Home Equity Loans Work?
- Home Equity Loan Requirements
- How Do You Apply and Get a Home Equity Loan?

Towards the end of the video, you will fully understand the advantages and disadvantages of using a home equity loan, and the steps you need to take to qualify.

Timestamps:

0:00 Intro
0:35 What Is a Home Equity Loan?
1:15 How Do Home Equity Loans Work?
2:26 Home Equity Loan Requirements
3:51 How Do You Get a Home Equity Loan?
6:33 When Should You Get a Home Equity Loan?
7:08 What Are the Advantages of Home Equity Loans?
7:31 Disadvantages of Home Equity Loans
8:10 How Hard Are Home Equity Loans to Qualify For?
8:40 Helpful Tax Deductions that Come with Home Equity Loans
9:10 Quick Recap

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#money #finance #personalfinance #mortgages #realestate #loans #buyingahome

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