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Finance

What Is a Home Equity Line of Credit (HELOC)?

Sean Eliott - 0
Thinking about tapping the value you’ve built in your home but not sure where to start? A HELOC is one of the most flexible ways homeowners access cash, and it’s more common than you might think. Before you sign anything, it helps to understand...
Housing

Foreclosures are Rising Again — What’s Really Going on in 2025?

Alex Schult - 0
If you’ve been tracking headlines this year, you’ve probably noticed the word foreclosure showing up more often — and for good reason. After a long period of unusually low activity, filings and lender repossessions ticked up in 2025, signaling new stress for homeowners...
First Time Home Buyer

What is a Comp in Real Estate?

Alex Schult - 0
If you’ve ever browsed homes online or sat down with a Realtor to talk pricing, you’ve probably heard the term “comp” thrown around. It may sound like insider jargon, but comps are one of the most important tools in real estate. They play...
Housing

The U.S. Housing Market in 2025: Is It Finally a Buyer’s Market?

Sean Eliott - 0
After years of a blazing-hot seller’s market during the pandemic, the U.S. housing market has finally started to cool down. Across the country, inventory is building, homes are sitting on the market longer, and sellers are being forced to adjust their expectations. But...
First Time Home Buyer

What Is a Home Warranty and Is It Worth It?

Sean Eliott - 0
Buying or selling a home can feel like navigating a maze filled with unexpected expenses, and a broken appliance or failing HVAC system can pop up when you least expect it. That’s where a home warranty comes in—a tool designed to help protect...
First Time Home Buyer

What Does “Under Contract” Really Mean? – What Happens Between an Accepted Offer and Closing?

Alex Schult - 0
When an offer is accepted and the paperwork is signed, many people breathe a sigh of relief — and then wonder, “So, what now?” The phrase under contract gets tossed into listing statuses and conversations alike, but it covers a whole set of steps...
Housing

Housing Market Update 2025: Inventory Shifts Across 14 States

Sean Eliott - 0
The housing market has experienced some of its most significant shifts in recent years, and 2025 is no exception. For the first time since the pandemic-driven housing boom, fourteen states now have more homes for sale than they did in 2019. This change...
Finance

What Is a Backup Offer and How Does It Work?

Alex Schult - 0
When you’re buying or selling a home, the real estate world can feel a bit like a high-stakes game of musical chairs. One moment, a house is yours—or seems like it—and the next, it’s off the market. That’s where backup offers come in....
Housing

$20 Trillion in 5 Years: What Zillow’s Report Really Means for America’s Housing Market

Sean Eliott - 0
When I first read Zillow’s new report that America’s housing market had gained $20 trillion in value in just five years, I had to pause. Twenty trillion dollars! That’s not a number you just skim past. To put it into perspective, that’s almost...
Finance

What is a Short Sale?

Alex Schult - 0
Short sales are one of those real estate topics that sound complicated until someone explains them in plain English. This guide walks through what a short sale is, how it works, the pros and cons for both sellers and buyers, and a real-world...
Housing

California & Florida at the Top: Why Two Popular States Are Now the Nation’s Riskiest Housing Markets

Alex Schult - 0
If you live in California or Florida — like I do — a new housing risk report deserves your full attention... This isn’t a sensational headline; it’s a snapshot of several forces (costs, climate, and job stability) converging to make ownership more precarious in...
Housing

The Charm of Log Home Living in California

Sean Eliott - 0
There's just something about a log home. Even if you've never actually lived in one, you can picture it, right? A warm fire crackling in the corner, the smell of fresh-cut pine lingering in the air, maybe snow piling up outside while you're...
First Time Home Buyer

What is an Escalation Clause?

Sean Eliott - 0
Buying a home in a competitive market can feel like a high-stakes game. Offers fly in fast, and homes can go under contract within days—or even hours—of being listed. In these situations, buyers need every advantage they can get to make their offers...
First Time Home Buyer

What Does “As-Is” Mean in Real Estate?

Sean Eliott - 0
Have you ever scrolled through a real estate listing and seen the term “as-is” and wondered what it really means? At first glance, it can sound a little intimidating, as if buying the home might come with hidden surprises around every corner. But don’t...
Finance

The Lock-In Effect: Why the Housing Market Feels Frozen in 2025

Sean Eliott - 0
Remember when mortgage rates were below 3%? Many homeowners locked in those rates during the pandemic. Now, they are holding tight. This situation has a name. Economists call it the lock-in effect. Homeowners do not want to trade their low mortgage rates for today’s higher...
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First Time Home Buyer

heloc

What Is a Home Equity Line of Credit (HELOC)?

Sean Eliott - 0
Thinking about tapping the value you’ve built in your home but not sure where to start? A HELOC is one of the most flexible...

What is a Comp in Real Estate?

Alex Schult - 0
If you’ve ever browsed homes online or sat down with a Realtor to talk pricing, you’ve probably heard the term “comp” thrown around. It...
home warranty

What Is a Home Warranty and Is It Worth It?

What Does “Under Contract” Really Mean? – What Happens Between an...

couple completing offer on a home

What Is a Backup Offer and How Does It Work?

short sale

What is a Short Sale?

RECENT VIDEO

Ever wonder how homeowners tap into their home’s value without selling? That’s exactly what a HELOC—Home Equity Line of Credit—allows you to do! In this week’s Two-Minute Tuesday, I break down what a HELOC is, how it works, and why it can be a smart financial tool when used wisely. You’ll learn: - What a HELOC is and how it’s different from a traditional loan - Real-world examples of how homeowners use HELOCs - The benefits and risks to consider before opening one - Why talking to your Realtor and lender is a smart move before deciding Whether you’re thinking about remodeling, paying for a big expense, or just want to better understand your options, this quick breakdown will help you feel more confident about how a HELOC works. Have questions about HELOCs or your specific situation? Leave them in the comments—I’d love to hear from you! Don’t forget to like, subscribe, and turn on notifications so you never miss a Two-Minute Tuesday, either! Timestamps : 0:00 - Home Equity Power 0:11 - Welcome & Purpose 0:46 - What’s a HELOC? 1:12 - How It Works 1:25 - Best Uses 1:50 - When to Use It 2:15 - Draw vs Repay 2:37 - Key Risks 3:00 - Should You Get One? 3:40 - Final Tips #homeequity #HELOCExplained #realestate #financialeducation #HomeImprovementLoans Alex Schult CA DRE License # 02236174 KW Spectrum Properties 📲 Text: 949-726-2601 📧 Email: aschult@kw.com 🎥 Videos You May Like What Is a Home Warranty and Is It Worth It? : https://youtu.be/eQobdzu7C8w What Does “Under Contract” Really Mean? : https://youtu.be/cx0_58fw9dY DISCLAIMER: This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.

Ever wonder how homeowners tap into their home’s value without selling? That’s exactly what a HELOC—Home Equity Line of Credit—allows you to do! In this week’s Two-Minute Tuesday, I break down what a HELOC is, how it works, and why it can be a smart financial tool when used wisely.

You’ll learn:

- What a HELOC is and how it’s different from a traditional loan
- Real-world examples of how homeowners use HELOCs
- The benefits and risks to consider before opening one
- Why talking to your Realtor and lender is a smart move before deciding

Whether you’re thinking about remodeling, paying for a big expense, or just want to better understand your options, this quick breakdown will help you feel more confident about how a HELOC works.

Have questions about HELOCs or your specific situation? Leave them in the comments—I’d love to hear from you! Don’t forget to like, subscribe, and turn on notifications so you never miss a Two-Minute Tuesday, either!

Timestamps :

0:00 - Home Equity Power
0:11 - Welcome & Purpose
0:46 - What’s a HELOC?
1:12 - How It Works
1:25 - Best Uses
1:50 - When to Use It
2:15 - Draw vs Repay
2:37 - Key Risks
3:00 - Should You Get One?
3:40 - Final Tips

#homeequity #HELOCExplained #realestate #financialeducation #HomeImprovementLoans

Alex Schult CA DRE License # 02236174 KW Spectrum Properties
📲 Text: 949-726-2601
📧 Email: aschult@kw.com

🎥 Videos You May Like

What Is a Home Warranty and Is It Worth It? : https://youtu.be/eQobdzu7C8w

What Does “Under Contract” Really Mean? : https://youtu.be/cx0_58fw9dY

DISCLAIMER:
This video content is intended for informational, educational, and entertainment purposes only. Neither Living in California nor Alex Schult is a registered financial advisor, attorney, or tax professional. While we have taken reasonable steps to ensure the accuracy of the information presented in this video, we cannot guarantee that it is free from errors or omissions. Any reliance you place on the information provided is strictly at your own risk. Additionally, your use of the Living in California YouTube channel and any communication through this platform, including but not limited to YouTube comments, emails, or messages, does not establish a formal business relationship with Alex Schult or Living in California. For specific advice related to your real estate, financial, or legal needs, we recommend consulting with a licensed professional in the relevant field.

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What Is a Home Equity Line of Credit (HELOC)?

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