Thanks for this helpful valuable insights into finance! It's refreshing to see informative content like this on KZbin. Keep sharing these valuable insights!
@ChrisShaddock9 ай бұрын
TikTok is all the buzz about getting a HELOC as a mortgage instead of a traditional mortgage. Do you recommend that? Can you speak to that?
@NolanMatthias9 ай бұрын
For most people it's not a good idea - the math doesn''t make sense. 7.5% on a heloc or 5.5% on a mortgage, that's an extra $2,000 for every $100k per year, even if your average balance is 100k less, on a $500k heloc you are spending $8000 to save $2000
@jchong4169 ай бұрын
I just found this video. KZbin didn't push this to me even though I set alarms for all your videos. Very informative Nolan
@NolanMatthias9 ай бұрын
Thanks! That was my fault on the push.
@meadows53679 ай бұрын
Nice video Nolan. I’m curious about the insurance requirements for the car sharing business.
@NolanMatthias9 ай бұрын
I’m not an expert, but my understanding is that when the cars are rented the fall under the apps insurance, but best to check with them directly.
@brett.c16494 ай бұрын
My problem is doing any of these things and work shift work 😅
@EmilyGloeggler79847 ай бұрын
I have no personal strengths. House hacking also has many cons and can be a risky nightmare, and it doesn’t work for everyone.