Vishal Garg | Source | CEO at Better Mortgage

Vishal notes Fannie Mae's revisions highlight market push-pull trends: slowing economy vs. tight housing supply. Better Mortgage sees high-intent buyers deterred by interest rate volatility and low inventory. Vishal advises brokers to "lead with clarity," blending human insight with tech precision, as AI reshapes the mortgage landscape.

Vishal explains that HELOCs offer "lower interest rates and longer amortization periods" than other credit forms. Better.com’s One Day HELOC™ provides a 10-year interest-only period. Risks include overleveraging and payment challenges post-interest period. Vishal advises responsible management and alignment with financial plans. HELOCs suit short-term liquidity needs but may not be ideal for long-term financing.

Vishal explains that a first-lien HELOC is "a revolving line of credit secured by your home's equity," replacing a traditional mortgage. It offers flexibility but exposes lenders to interest rate fluctuations. Ideal for homeowners with significant equity and stable cash flow, it requires a high credit score and low debt-to-income ratio.