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Updated almost 6 years ago on . Most recent reply

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7
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4
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Cameron Parr
4
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7
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HELOC or Home Equity Loan or Personal Loan

Cameron Parr
Posted

Hey BP,

Newbie here looking to close my first two deals on two buy and hold duplexes. 

Ran into a hiccup when lender initially told me they would finance 85% of the loan now has changed to 75% but I only took out money from my 401K to satisfy what she initially told me. 

I have a SFH that has about $25k equity. I need about $14k to close the deal at the new ratio.

What options do you think I could explore to fund the $14k. HELOC, HEL, or personal loan?

Thanks

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