What's the BIGGEST HELOC Mistake You Can Make?

CHEAP TODAY. EXPENSIVE LATER. That’s the trap many homeowners are walking into with HELOCs and second mortgages right now. Most people don’t realize that paying off a non-purchase second mortgage later can STILL count as cash-out when you refinance. That means higher costs and worse pricing later even if rates come down. Sometimes the smarter long-term strategy is doing the temporary cash-out refinance now with minimal cost so you can position yourself for a better refinance later. Smart homeowners think beyond today’s payment. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate #MortgageTips #HELOC #Refinance #RealEstate #DebtFree