Compare home equity loan rates in California.

Introduction to Home Equity Loan Rates

Welcome to our comprehensive guide to home equity loans interest rates in California. We’re here to help you navigate the challenges and opportunities of tapping your home equity in the current housing market. We’ll cover the key factors that influence rates, from the prime rate to your DTI ratio, and popular alternatives to home equity loans, such as HELOCs and HECMs. Plus, we include valuable tips for securing the lowest rates and making the application process as smooth as possible.

How Do Home Equity Loans Work?

A home equity loan is essentially a second mortgage, which leverages your home as collateral in exchange for a lower, fixed interest rate. To qualify, homeowners should have at least 20% equity in their primary residence.

You can estimate your maximum loan amount with a home equity loan calculator or the two-step formula below. Many lenders allow a combined loan-to-value ratio (CLTV) of no more than 85%. Your CLTV represents your mortgage balance plus the amount you want to borrow, divided by the appraised value of your home.

•  Appraised home value x 85% = Maximum home debt (mortgage + loan)

•  Maximum home debt – Mortgage owed = Maximum loan amount

Let’s say your home is appraised at $800,000 and your mortgage owed is $600,000.

•  $800,000 X 85% = $680,000

•  $680,000 – $600,000 = $80,000 Max loan amount

Home equity loans can be used for a variety of big ticket expenses, from home improvements to education costs and more.

Recommended: How to Get Equity Out of Your Home

Origin of Home Equity Loan Interest Rates

Now that you know what a home equity loan is, let’s dive into interest rates. Home equity loan interest rates are a product of various economic factors, with the prime rate playing a significant role. This prime rate is the baseline interest that banks offer to their most creditworthy clients. Policy decisions by the Federal Reserve also have a ripple effect on home equity rates in California. And a borrower’s financial profile influences the interest rates they’re offered as well — we’ll get into that in detail below.

By grasping these influences, you can be better prepared to anticipate rate changes and make well-informed decisions about home equity loans.

How Interest Rates Impact Affordability

The interest rate you secure can have a big impact on your finances. How big an impact? The difference in the total interest you’ll pay on a $100,000 loan at 6.00% and 7.00% is about $14,000 over a 20-year term. But even a fraction of a percentage point has a significant impact on your cost. That’s why shopping around for the best home equity loan deal is so important.

Home Equity Loan Rate Trends

The prime interest rate’s ups and downs are like a crystal ball for home loan rates. Pay attention to these changes, as they can guide your borrowing decisions when you’re on the hunt for the best home equity loans in California. Stay informed, and you’ll be better equipped to make the right financial moves at the right time.

Historical Prime Interest Rates

Since 2018, the prime rate has seen its share of ups and downs, ranging from a low of 3.25% in 2020 to a high of 8.50% in 2023. Take a look at the history of the prime rate to get a sense of how high or low it may go this year.

Source: TradingView.com

Factors Influencing Home Equity Loan Rates in California

Now for the final piece of the puzzle that is home equity loan interest rates: The California housing market and the borrower’s financial profile also come into play. Your credit score, loan-to-value ratio, home value, property location, and lender policies all exert their push and pull on rates. Here’s what to expect when applying for a home equity loan in California:

Credit Score

Your credit score is a big deal. It’s like a financial thumbs-up, telling lenders that you’re responsible and reliable. The better your score, the better the interest rates you can snag. For home equity loans, you’re looking at a score of 680 or higher to get the nod from most lenders, but if you’re aiming for the top-tier rates, a score of 700 or above is the sweet spot. In California, where the market’s hot and the competition’s fierce, a solid credit profile is your golden ticket.

Loan-to-Value (LTV) Ratio

The loan-to-value (LTV) ratio is a number lenders use to help them decide how much risk they are taking on when they lend you money. To calculate your LTV, divide the amount of your loan by the appraised value of your home. Most lenders will let you borrow up to 85% of your home’s value, including your mortgage balance. The LTV ratio is important because it helps lenders set the interest rate and loan terms that are right for you and your financial situation.

Home Value

When it comes to home equity loans, lenders want to make sure they’re not lending you more money than your property is worth. To do this, they’ll typically order an appraisal, which is a professional (and human-generated) estimate of what your home is worth. The appraiser will compare your home to similar properties in your area and consider the condition of your home and any improvements you’ve made. The appraised value of your home will help determine how much money you can borrow.

Home Value Stability

The stability of home values can significantly impact the amount of equity homeowners can potentially access and utilize. When home values experience an upward trend, lenders may be more inclined to approve larger loan amounts, as the increasing value of the property mitigates some of the associated risk. Conversely, declining home values can heighten the lender’s risk exposure, potentially leading to more stringent lending criteria and smaller loan approvals. In most areas of California, home value stability is strong.

Property Location

If your home is in a high-risk area, you might see higher interest rates. High-risk areas are often places that are more likely to experience extreme weather or natural disasters, like hurricanes, floods, wildfires, and earthquakes. It’s important to keep this factor in mind when you’re shopping for a loan in California, which has had its fair share of extreme weather in recent years.

Lender Policies

When you’re looking for a home equity loan, it’s important to consider how the lender’s policies might affect the interest rate you’re offered. To help you make an informed decision, we recommend shopping around and comparing interest rates, fees, and closing costs from multiple lenders. By doing your homework and comparing your options, you might be able to find more favorable terms and save money in the long run.

How to Qualify for the Lowest Rates

Here are your action items for getting the best available rates on a home equity loan. By checking these things off your list in advance, you can increase your chances of getting the best loan terms.

Build a Strong Credit Score

As noted above, a good credit score can work wonders when you’re applying for a loan. Lenders often reward higher credit scores with better interest rates. So by maintaining a solid credit history, you could be looking at more favorable terms for your California home equity loan, which translates to more financial freedom and potential savings for you. For tips on how to build up your score, check out What Factors Affect Your Credit Score?

Manage Debt-to-Income Ratio

Another three-letter acronym! Not to be confused with your LTV, your debt-to-income (DTI) ratio is a critical piece of the loan puzzle. It’s calculated by comparing your monthly income to your monthly debt obligations. Most lenders look for a DTI of 36% to 50%, meaning that if more than half of your income goes to debt, you may not qualify for a home equity loan. To lower your DTI ahead of a home equity loan application, start with paying down high-interest credit card debt first.

Obtain Adequate Property Insurance

It’s a common requirement for home equity loans in California, especially in areas prone to flooding. The reason is simple: Flooding can wreak havoc on your property, and insurance is a safety net for both you and the lender. It’s a smart move to safeguard your investment and your financial well-being. Even if you haven’t needed a separate flood insurance policy in the past, it’s worth looking into before applying for a home equity loan.

Maintain Sufficient Home Equity

In California, the rule of thumb is to keep at least 20% equity in your primary residence to be eligible for a home equity loan. This is a protective measure for both you and the lender, ensuring that you have a financial cushion and the lender has a secure investment.

Fixed vs. Variable Interest Rates

Home equity loans often come with fixed rates, which means you’ll have the same rate for the life of your loan. This predictability makes it easier to plan your monthly budget. Fixed rates can sometimes be a bit higher than variable rates at the start.

Home equity lines of credit (HELOC) typically come with a variable interest rate. Variable rates might begin lower than fixed rates but can change over time with the markets, meaning you could end up with a higher, more expensive monthly payment.

Tools & Calculators

Homeowners have access to many online tools and calculators that can assist them in managing their home finances. These user-friendly resources empower homeowners to calculate their California home equity loan amount, estimate loan payments, and compare the total cost of a loan with different interest rates. Here, in addition to the home equity loan calculator, you’ll find a HELOC repayment calculator and a HELOC interest only calculator.

Closing Costs and Fees

Closing costs for home equity loans typically run from 2% to 5% of the loan amount. Common fees include an application, origination, appraisal, and a credit report fee. Other costs may include a title search, surveys, attorneys, and mortgage preparation and filing fees.

Tax Deductibility of Home Equity Loan Interest

Here’s a tip: The interest on your home equity loan can be tax-deductible if you use it for home improvements. The deduction limit through 2025 is $750,000 for joint filers and $375,000 for single filers. Just remember, you’ll need to itemize your deductions to claim this benefit. And for the best advice, consider consulting a tax advisor.

Alternatives to Home Equity Loans

In California, you have several alternatives to home equity loans. These include home equity lines of credit (HELOCs), home equity conversion mortgages (HECMs), and cash-out refinances. Each of these different types of home equity loans has its own unique features and eligibility requirements. These alternatives can provide you with additional borrowing options that are tailored to different financial situations and needs.

Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) is like a credit card, but one that’s backed by your home. It gives you the flexibility to borrow up to a certain limit, and you only pay interest on the amount you actually draw. But here’s the thing: The variable interest rates on HELOCs can change with the market, which means your costs could go up if rates rise. So it’s important to keep an eye on the current rates in California before you decide if a HELOC is the right move for you. The comparison article HELOCs vs Home Equity Loans can help you distinguish the pros and cons of each.

Home Equity Conversion Mortgage (HECM)

A home equity conversion mortgage (HECM) is a government-backed reverse mortgage that can be a game-changer if you’re 62 or older. It allows you to receive payments from the lender based on your home’s value. You can get the money as a lump sum, in regular payments, or as a line of credit. The best part? You don’t have to make payments until you leave the home.

Cash-Out Refinance

A type of mortgage refinance, a cash-out refinance is a new mortgage that pays off your old one and gives you extra cash. Lenders usually cap cash-out refinances at 85% of your home’s equity. If that sounds intriguing, the comparison story Cash-Out Refinance vs. Home Equity Line of Credit might be of interest.

Recommended: What Is a Home Equity Line of Credit?

The Takeaway

For California residents, the options are plentiful when it comes to securing competitive home equity loan rates. Your credit score, DTI ratio, LTV ratio, and the choice between variable and fixed rates all play a part in the rates you can access. By familiarizing yourself with general market conditions and exploring your options, you can find the best rates and terms for your home equity loan in the Golden State.

FAQ

What would the monthly payment be on a $50,000 home equity loan?

The monthly payment required for a home equity loan of $50,000 is determined by the interest rate and the duration of the loan. If you were to take out a loan at 8.00% interest over 10 years, you’d be looking at a monthly payment of roughly $607.

What is the monthly payment on a $100,000 HELOC?

When you’re considering a home equity line of credit (HELOC), the monthly payment is affected by the interest rate and how much of the credit line is being used. For example, a $100,000 HELOC with an interest rate of 8.50% and a $50,000 draw would have a monthly payment of about $620. The same rate with a $75,000 draw would result in a monthly payment of $930.

What is the payment on a $25,000 home equity loan?

The monthly payment on a $25,000 home equity loan is determined by the interest rate and the loan term. For example, if you take out a loan at 7.00% interest over 10 years, your monthly payment would be approximately $290. This is based on a standard repayment schedule with equal payments toward the principal and interest over the loan’s life.

What would the payment be on a $30,000 home equity loan?

Let’s break it down. A $30,000 home equity loan at a 7.00% interest rate over a 10-year term would mean a monthly payment of about $348. This is just one example of how the numbers play out. Try entering different scenarios in a home equity loan calculator to see what works best for you.

What might disqualify you from getting a home equity loan?

There are a few things that could prevent you from getting a home equity loan. These include a low credit score, a high debt-to-income ratio, not enough equity in your home, or not having enough insurance on your property. These factors can make it more difficult to get a loan, but there are ways to work around them.

What are the benefits of a HELOC?

Home equity lines of credit (HELOCs) offer a flexible way to borrow, often at much lower interest rates than you’d pay on credit cards. With a HELOC, you can choose to pay only the interest on the amount you borrow during the draw period (typically 10 years). HELOCs can be used for a variety of purposes, including home renovations, education expenses, consolidating higher-interest debt, or other financial needs.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

This content is provided for informational and educational purposes only and should not be construed as financial advice.

SOHL-Q324-065

Compare home equity loan rates in Texas.

Introduction to Home Equity Loan Rates

Welcome to our guide to home equity loan rates in Texas. We’ve done the legwork to highlight the factors that influence rates, and how to snag the lowest ones. We’ll cover closing costs, tax deductibility, and alternatives to home equity loans, and introduce you to helpful tools and calculators. Armed with this information, you’ll be ready to make the best choice for your home equity financing needs.

How Do Home Equity Loans Work?

A home equity loan is like a second mortgage. It uses your home as collateral, which often means lower interest rates than with personal loans. And just like your mortgage, you pay back the loan in equal monthly installments with interest over a longer term (typically 20 years).

The interest rate is typically fixed, so you can plan your budget with more certainty. To qualify, you’ll usually need to have at least 20% equity in your primary residence.

Where Do Home Equity Loan Interest Rates Originate?

Home equity loan interest rates are influenced by a variety of economic factors, including the prime rate. The prime rate is the interest rate that banks charge their most creditworthy customers.

Federal Reserve policy decisions regarding interest rates can also influence home equity loan rates. Understanding the factors that influence home equity rates can enable borrowers to anticipate rate fluctuations and make informed decisions about the best time to take out a home equity loan.

How Interest Rates Impact Affordability

The interest rate you secure can have a big impact on your monthly loan payments and the total interest you pay over the life of the loan. For example, the difference between a 7.00% and 8.00% interest rate on a 20-year term can add up to $11,000 more in interest. The more you borrow, the more noticeable the difference in monthly payment and total interest would be.

A home equity loan calculator can help you understand how different interest rates and loan terms affect your monthly payment and the overall cost of the loan.

HELOCs vs Home Equity Loans

It’s important not to confuse a home equity loan with a home equity line of credit (HELOC), which is also secured by your home. The chart below explains HELOCs vs. home equity loans.

Recommended: What Is a Home Equity Line of Credit?

Home Equity Loan Rate Trends

The prime interest rate is a key indicator of future home equity loan rates. By keeping an eye on the prime rate, you can get a sense of where home equity loan rates are headed. This can help you make smarter decisions about the timing and terms of your home equity loan application, so you can get the best rate possible in Texas.

Historical U.S. Prime Rates

Since 2018, the U.S. prime rate has fluctuated greatly, reaching a low of 3.25% in 2020 and a high of 8.50% in 2023. This rate plays a large role in the economic environment, and it is important to understand how it can affect Texas home equity loan rates.

Source: TradingView.com

Factors Influencing Home Equity Loan Rates

In addition to macroeconomic factors like the prime rate, the interest rate you’re offered for a home equity loan is influenced by microeconomic metrics. These include the borrower’s credit score, their loan-to-value ratio, the stability of the local housing market, the location of the property, and the policies of the home loan lender.

Understanding these factors can help you secure the best possible rates and make the most of your financial strategy.

Credit Score

Those who have a track record of responsible financial management, including making payments on time, are more likely to be offered a lower interest rate. Most lenders will look for a credit score of about 680 or higher when considering a home equity loan, but many prefer a score of 700 or above. This is because higher credit scores are associated with a lower risk of default, which makes you a more attractive candidate for a loan.

Loan-to-Value (LTV) Ratio

The loan-to-value (LTV) ratio is a key factor in determining the maximum LTV most lenders will allow for a home equity loan, which is typically 85%. The LTV is calculated by dividing the loan amount by the appraised value of the property. By looking at the LTV, a lender can determine the appropriate interest rate and loan term for a borrower.

Home Value

Lenders often use independent appraisals to help determine a home’s market value and the maximum loan amount. This is important because the amount of equity you have in your home can impact the maximum loan amount a lender is willing to approve. The valuation process is an important step in assessing your financial standing and ensuring responsible lending practices.

Home Value Stability

The stability of home values can significantly impact the amount of equity homeowners can potentially access and utilize. When local home values experience an upward trend, lenders may be more inclined to approve larger home equity loans, as the increasing value of the property mitigates some of the associated risk. Conversely, when home values decline, the lender’s risk exposure increases, potentially leading to stricter lending criteria and smaller home equity loans approvals.

Lender Policies

Here’s a tip: Lender policies can really shake up the interest rates they offer. So when you’re on the prowl for the best deal, be sure to compare rates, fees, and closing costs from a handful of lenders. It takes time, but it can lead to some serious savings and a much better borrowing experience.

Property Location

If you live in an area with a high risk of extreme weather, you might see higher interest rates. That’s because lenders see these areas as riskier to lend in. These areas can be more prone to natural disasters like hurricanes, floods, and wildfires. And if you’re in one of these areas, it could impact your home equity.

How to Qualify for the Lowest Rates

To qualify for the best home equity loan rates, you need to have a good credit score, a low debt-to-income ratio, and enough equity in your home. You also need to have property insurance. If you meet these requirements, you can get a lower rate on your loan.

Build a Strong Credit Score

A higher credit score can be your golden ticket to snagging more attractive interest rates on home loans, which translates to significant savings over the loan’s lifetime. Not only that, but a beefed-up credit score can also unlock loan options and better terms, giving you the flexibility and control you want. And here’s a little secret — a higher credit score can even mean lower fees, lightening the load of borrowing.

Manage Debt-to-Income Ratio

When it comes to securing a home equity loan, your debt-to-income (DTI) ratio can play a big role in determining your eligibility. This ratio compares your monthly income to your monthly debt obligations, which helps lenders get a better picture of your financial health. Typically, lenders want to see a DTI that’s 36% or lower, but some may go up to 50%. Staying within these parameters can help you be better positioned to qualify for a loan.

Obtain Adequate Property Insurance

In many cases, having the right property insurance is a must for home equity loans, especially if you live in an area of Texas prone to flooding. This insurance is designed to protect both you and the lender in case of damage to your property.

Maintain Sufficient Home Equity

To secure a Texas home equity loan, you’ll need to maintain at least 20% equity in your primary residence. This requirement is in place to protect your financial well-being, ensuring you have a significant ownership stake in your property before you take on additional debt.

Fixed vs. Variable Interest Rates

Home equity loans often come with fixed interest rates. This means you’ll have the same interest rate and monthly payment for the life of the loan. While fixed rates offer stability, they can also start out higher than variable rates. Variable rates can start out lower, but they change over time based on the market. When it comes to how to get equity out of your home, it’s important to consider whether you prefer the fixed interest rate of a home equity loan or the variable interest rate of a HELOC.

Tools & Calculators

A variety of practical tools and calculators are available to help you get an accurate estimate of your home equity loan payments and determine your borrowing capacity. These resources can provide you with a better understanding of the financial implications of taking out a home equity loan, and help you make more informed decisions. Here, in addition to the home equity loan calculator, you’ll find a HELOC repayment calculator and a HELOC interest only calculator.

Closing Costs and Fees

Home equity loan closing costs in Texas tend to run 2% to 5% of the loan amount. Common fees include the appraisal, credit report, document prep, origination, notary, title search, and title insurance. Here are some quick estimates of what you might pay:

•  Loan origination fee: 0.5-1% of loan amount or flat fee.

•  Title insurance: 0.5-1% of loan balance.

•  Appraisal: $300-$500.

•  Credit report: $50-$100.

•  Document prep and attorney fees: $500-$2,000.

No-closing-cost loans exist but often have higher interest rates. Compare multiple lenders — including their rates, fees, and terms — before choosing a loan.

Tax Deductibility of Home Equity Loan Interest

Here’s the scoop: The interest you pay on a home equity loan can be tax-deductible if you use the funds for home improvements. If you’re married and filing jointly, you can deduct interest on loans up to $750,000. Single filers can deduct interest on loans up to $375,000. Just remember, you’ll need to itemize your deductions to get this benefit.

Recommended: What Is a Home Equity Loan?

Alternatives to Home Equity Loans

You have a range of different types of home equity loans to consider, such as home equity lines of credit (HELOCs), home equity conversion mortgages (HECMs), and cash-out refinances (one type of mortgage refinance). Each option has its own unique features and eligibility requirements. These alternatives provide you with additional borrowing options that may be more tailored to your specific financial needs and circumstances.

Home Equity Line of Credit (HELOC)

A home equity line of credit (HELOC) is akin to a credit card, but with the potential for a much higher limit. It allows you to borrow up to a certain amount, and you only pay interest on what you’ve borrowed. However, the variable interest rate means that if market rates go up, your costs will too. It’s important to weigh both the benefits and risks associated with HELOCs.

Home Equity Conversion Mortgage (HECM)

An HECM, or home equity conversion mortgage, is a government-backed reverse mortgage that allows homeowners aged 62 and older to receive payments from the lender based on their home’s value. The disbursement form is your choice: lump sum, regular payments, or a line of credit. The beauty of an HECM is that you’re not required to make payments until you leave the home. Note that HECMs typically have higher closing costs and longer processing times compared to home equity loans and HELOCs.

Cash-Out Refinance

A cash-out refinance is a new mortgage that pays off your old one and lets you borrow extra cash. Lenders typically limit the loan-to-value (LTV) ratio to 80-85% of a home’s equity. If comparing all these options is confusing, you may find the comparison article Cash-Out Refinance vs Home Equity Line of Credit helpful.

The Takeaway

Home equity loans can be a great way to get the cash you need for a variety of uses, from home renovations to high-interest debt consolidation. Understanding how home equity loan rates work in Texas is important when shopping around for the best deal for your situation. By comparing rates and fees from multiple lenders, using online tools, and considering other options, you can find the best home equity loan for you.

FAQ

What would the monthly payment be on a $50,000 loan?

The monthly payment for a $50,000 home equity loan is determined by the interest rate and the loan term. For example, with an interest rate of 8.00% and a 10-year loan term, your monthly payment would be approximately $607. This is based on a standard repayment schedule with equal payments of principal and interest over the life of the loan.

What would the monthly payment be on a $100,000 HELOC?

The monthly payment on a $100,000 Home Equity Line of Credit (HELOC) is determined by the interest rate and the amount drawn. Let’s consider one scenario: Suppose we have a HELOC with an interest rate of 7.99% and a $50,000 draw. The monthly payment over 20 years would be approximately $418. If you draw the full $100K, the monthly payment would be $836.

What is the payment on a $25,000 home equity loan?

Your monthly payment for a home equity loan depends on the interest rate and the length of the loan. Let’s say you borrow $25,000 with an 8.00% interest rate and a 10-year term. Your monthly payment would be about $303. But remember, your number could be different based on the interest rate and other factors.

What would the payment be on a $30,000 home equity loan?

The monthly payment amount on a $30,000 home equity loan is going to be based on the interest rate you secure and the term of the loan. For instance, if you were to get an 8.00% rate and a 10-year term, your payment would be around $364.

What could disqualify you from getting a home equity loan?

There are a few things that could keep you from getting a home equity loan. If your credit score is too low, your debt-to-income ratio is too high, the equity in your home is too low, or you don’t have enough insurance on your home, you might not qualify. These are all things that you can work on to improve your chances of getting approved.

What are the benefits of a HELOC?

HELOCs, a type of revolving credit, offer several advantages, often including lower interest rates compared to credit cards, and the flexibility to pay interest only on the borrowed amount during the draw period. However, borrowers should be aware that variable interest rates can result in higher costs if rates increase, making it important to carefully consider the potential risks and benefits before using a HELOC.

Photo credit: iStock/Art Wager

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

This content is provided for informational and educational purposes only and should not be construed as financial advice.

SOHL-Q424-103