3 ways to take advantage of record low mortgage rates

The video discusses the current state of mortgage rates, which remain low due to the Federal Reserve's economic measures during the pandemic. It explores the implications of these rates for home buyers, including the potential to afford better homes but also the challenge of rising home prices. For current homeowners, refinancing is presented as a viable option if it results in significant interest savings. The video also covers home equity loans and HELOCs as alternatives for accessing home equity, highlighting their benefits and potential drawbacks. Finally, it advises viewers to consider their financial situation and consult with advisors before making borrowing decisions.

What should homeowners consider before refinancing their mortgage?

What are the potential risks of taking out a home equity loan or HELOC?