[Janice Sousa]

Hey experts! I’m a new agent and been thinking a lot about different financing options for clients who are looking to invest in real estate. Have you ever considered whether a First Lien HELOC might be a good fit for your clients? I mean, from a real estate agent’s perspective, it seems like it could offer some pretty interesting opportunities. But then again, I’m curious to know what your thoughts are on whether it’s the right move for your clients. Have you had any experience with First Lien HELOCs, or do you know anyone who has? Let’s chat about whether it’s something worth exploring further for potential clients!

[Dakota Harris]

FHL can be a pretty intriguing option for some clients, especially if they’re looking to tap into the equity in their home while still keeping their first mortgage intact.

One of the big advantages is that it offers flexibility. Clients can access funds as needed, similar to a traditional HELOC, but because it’s in first lien position, it often comes with lower interest rates compared to second lien HELOCs or other forms of financing.

Plus, it can be a useful tool for clients who are looking to consolidate debt, fund home improvements, or even finance investments. And as real estate agents, being able to offer our clients creative financing options like this can really set us apart in the market.

That said, there are definitely some factors to consider. For instance, clients need to have sufficient equity in their home to qualify, and they’ll need to stay on top of their payments to avoid any potential foreclosure risks.

Overall, I think it’s worth exploring with clients who are in the right financial position and have clear goals in mind. It might not be the right fit for everyone, but for those who can benefit from it, a First Lien HELOC could be a game-changer.

[Daniel Lao]

Also looking to ask this question. Do you guys personally know someone who have this fist lien heloc?