HELOC or Refinance or Something else?

[Mariamer Vargas Perez]

Hi everyone,

I’m excited to be a new member of BiggerPockets and to connect with like-minded investors. I’m based in Holly Springs, North Carolina, and currently looking to purchase my second investment property. I’d really appreciate some guidance from the more experienced folks here.

I own my primary residence and have built up a good amount of equity in it. My current mortgage rate is 2.75%, so a cash-out refinance doesn’t seem like the best move given today’s rates. I’m exploring other ways to tap into that equity and would love your input on the best loan products or strategies you’ve used in similar situations—whether it’s a HELOC, second mortgage, or something else entirely.

Thanks in advance, and I look forward to learning from all of you!