What would you do with your HELOC?

[Will Pardo]

Hey all, I need advice. I have my variable interest only HELOC and pre-approval letter for $300k. My lender was trying to convince me to cash-refi my primary home and get rid of the HELOC. His advice was it’s better to have a fixed rate. I agree but I have the HELOC and don’t know if I should start over or keep trucking forward. With the current setup, I would have to put 25% down because my purchase would be an investment regardless if it’s a single family home or 4 or less multi unit property. Although, I would have instant equity and could cash-refi later on. I guess my question is what would you all do? Should I continue with the strategy above or buy a 4 or less multi-unit, house hack with a smaller down payment and cash-refi 6 months to a year down the road? Thanks!