Explained: HELOC vs Second Mortgage, whats the difference?

Mortgage expert Carmelo Buttice explains the difference between a Home Equity Line of Credit (HELOC) and a Second Mortgage.

Both strategies are used to pull equity out of your current home.

Some have used this equity to purchase an additional investment property while others have paid off high interest debts, took a family vacation or paid for emergencies.

Carmelo will provide valuable insight and answer audience questions on these topics. He will also quickly touch on Reverse Mortgages and how this is used by some during retirement.