Jon Grauman

You're going to save a tremendous amount in interest over that 15 year period. Tremendous. But your payments can be significantly higher. So whether or not you can afford it is, you know, case by case.

You're going to save a tremendous amount in interest over that 15 year period. Tremendous. But your payments can be significantly higher. So whether or not you can afford it is, you know, case by case.

You're going to save a tremendous amount in interest over that 15 year period. Tremendous. But your payments can be significantly higher. So whether or not you can afford it is, you know, case by case.

I would say that meeting with a mortgage broker early in the home buying process is critical because what they're going to do is they're going to take this very blurry picture and help bring it into focus. One of the things they'll do is they're going to look at your credit.

I would say that meeting with a mortgage broker early in the home buying process is critical because what they're going to do is they're going to take this very blurry picture and help bring it into focus. One of the things they'll do is they're going to look at your credit.

I would say that meeting with a mortgage broker early in the home buying process is critical because what they're going to do is they're going to take this very blurry picture and help bring it into focus. One of the things they'll do is they're going to look at your credit.

So if your credit is, I think to use your very technical term, then yes, they should hopefully have a credit repair specialist that they can refer you to. It can be dicey in terms of what they can actually do, how quickly they can improve it. And there's no guarantee, right? There's three different credit bureaus.

So if your credit is, I think to use your very technical term, then yes, they should hopefully have a credit repair specialist that they can refer you to. It can be dicey in terms of what they can actually do, how quickly they can improve it. And there's no guarantee, right? There's three different credit bureaus.

So if your credit is, I think to use your very technical term, then yes, they should hopefully have a credit repair specialist that they can refer you to. It can be dicey in terms of what they can actually do, how quickly they can improve it. And there's no guarantee, right? There's three different credit bureaus.

And if you pay off this line or pay down that line, how much it affects your credit, they don't know until they rerun it. So if you have things that need to be fixed up in your credit, yes, a mortgage broker by proxy can put you in touch with someone that could potentially help you with it.

And if you pay off this line or pay down that line, how much it affects your credit, they don't know until they rerun it. So if you have things that need to be fixed up in your credit, yes, a mortgage broker by proxy can put you in touch with someone that could potentially help you with it.

And if you pay off this line or pay down that line, how much it affects your credit, they don't know until they rerun it. So if you have things that need to be fixed up in your credit, yes, a mortgage broker by proxy can put you in touch with someone that could potentially help you with it.

The mortgage broker's fees? Generally. Generally, there's a commission that's paid or a percentage of that loan that then gets paid to them. But you can also buy down the rate where perhaps you pay more to get a lower interest rate, but then maybe they have to charge you a point. So it's like anything. There's levers, right?

The mortgage broker's fees? Generally. Generally, there's a commission that's paid or a percentage of that loan that then gets paid to them. But you can also buy down the rate where perhaps you pay more to get a lower interest rate, but then maybe they have to charge you a point. So it's like anything. There's levers, right?

The mortgage broker's fees? Generally. Generally, there's a commission that's paid or a percentage of that loan that then gets paid to them. But you can also buy down the rate where perhaps you pay more to get a lower interest rate, but then maybe they have to charge you a point. So it's like anything. There's levers, right?

If it's 6% with their compensation being paid for by the bank, maybe you can get it down to 5.75, but then you have to pay a point.

If it's 6% with their compensation being paid for by the bank, maybe you can get it down to 5.75, but then you have to pay a point.

If it's 6% with their compensation being paid for by the bank, maybe you can get it down to 5.75, but then you have to pay a point.

Ooh, that's just a question of leverage. And that goes back to, again, your very technical term of BRRRR. I counted for all the Rs there. Where the whole principle in real estate investing is to, again, buy something, create value, add equity, increase your loan to value position, and then leverage that to go buy more. You could apply that same principle to a HELOC. I would just say, be careful.

Ooh, that's just a question of leverage. And that goes back to, again, your very technical term of BRRRR. I counted for all the Rs there. Where the whole principle in real estate investing is to, again, buy something, create value, add equity, increase your loan to value position, and then leverage that to go buy more. You could apply that same principle to a HELOC. I would just say, be careful.