How I Think About Money“I write for readers at every stage of the homeownership journey, knowing that buying a home can be just the beginning. It's important to me to deliver content that's well-researched, empathetic and relevant.”
4+Years of Experience
80+Articles Written
3.7M+Readers Reached
Previous experience
Intern at Morgan Stanley (Wealth Management)
Education
B.S. in Marketing from Rowan University
Taylor Getler is a home and mortgages writer for NerdWallet. Her work has been featured in outlets such as MarketWatch, Yahoo Finance, MSN and Nasdaq. Taylor is enthusiastic about financial literacy and helping consumers make smart, informed choices with their money.
HELOC Explained: How It Differs From A Home Equity Loan | NerdWallet
So, you may have heard of a HELOC, or home equity line of credit. You may even be considering one as a way to access cash from your home. In this video, NerdWallet's Kate Wood breaks down everything you need to know about HELOCs and reveals whether or not its a smart money move for homeowners.
NerdWallet Compare, Inc. NMLS 1617539
nmlsconsumeraccess.org
Suggested Articles:
What Is a Home Equity Line of Credit, or HELOC?: https://www.nerdwallet.com/article/mortgages/heloc-home-equity-line-of-credit
Requirements for a Home Equity Loan and HELOC: https://www.nerdwallet.com/article/mortgages/what-are-the-requirements-for-a-home-equity-loan-and-heloc
Should You Get a HELOC?: https://www.nerdwallet.com/article/mortgages/homeownership/your-new-home-has-grown-in-value-should-you-get-a-heloc
Chapters:
0:00 - Intro
0:30 - What Is A HELOC (Home Equity Line of Credit)
1:53 - HELOC Interest Rates
3:06 - HELOC Variation
4:10 - HELOC Lenders
4:33 - How To Apply for a HELOC
6:34 - HELOC Draw Period
#NerdWallet #HELOC #CertificateOfDeposit
Subscribe to NerdWallet - https://bit.ly/3wGvVf3
About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.
Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet's official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.
Connect with NerdWallet:
Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet
Follow NerdWallet on Instagram: https://instagram.com/nerdwallet
Follow NerdWallet on Twitter: https://twitter.com/NerdWallet
Follow NerdWallet on Facebook: https://facebook.com/NerdWallet
NerdWallet Website: https://nerdwallet.com
HELOC Explained: How It Differs From A Home Equity Loan | NerdWallet
https://www.youtube.com/c/nerdwallet