Wells Fargo: The “Home Equity” Bubble Is Here
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Top Comments (10)
Join me on my first Investor Summit on August 15, 2023! Register for free here: https://briefs.co/investor-summit Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/748d1c WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Don't tap your home equity to pay for depreciating assets.
All Americans need to know is they should never trust bankers
So they want us to turn an asset into a liability. Please ignore Wells Fargo advice 🤦🏻♀️
It makes sense for a bank to encourage people to take their unsecured debt and turn it into secured debt in a risky economy...it doesn't make a lot of sense for their customers to do that.
Key take home message: "Don't touch your home equity if you are not using that for home improvement or second home purchase. Otherwise the banks loves to foreclose and take your home right after you take their bait while failed to be financially smart"
Pay your home off and don't get second mortgages. Being out of debt is like becoming a millionaire because then you are not stuck in forever payments. Unless you like being a slave to a bank.
I wouldn’t trust Wells Fargo at all. They have shown themselves wholly untrustworthy with false mortgages, missing deposits and massive fines.
Treating homes like atms seems foolish.
People going down this route may be in for some pain if they are not careful, they should take your advice! Thank you.
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Top Comments (10)
Join me on my first Investor Summit on August 15, 2023! Register for free here: https://briefs.co/investor-summit Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/748d1c WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!
Don't tap your home equity to pay for depreciating assets.
All Americans need to know is they should never trust bankers
So they want us to turn an asset into a liability. Please ignore Wells Fargo advice 🤦🏻♀️
It makes sense for a bank to encourage people to take their unsecured debt and turn it into secured debt in a risky economy...it doesn't make a lot of sense for their customers to do that.
Key take home message: "Don't touch your home equity if you are not using that for home improvement or second home purchase. Otherwise the banks loves to foreclose and take your home right after you take their bait while failed to be financially smart"
Pay your home off and don't get second mortgages. Being out of debt is like becoming a millionaire because then you are not stuck in forever payments. Unless you like being a slave to a bank.
I wouldn’t trust Wells Fargo at all. They have shown themselves wholly untrustworthy with false mortgages, missing deposits and massive fines.
Treating homes like atms seems foolish.
People going down this route may be in for some pain if they are not careful, they should take your advice! Thank you.