Cash out refi or HELOC?

[Kirsty Simpson]

hi - need advice on which one would be best bet : Cash out refi or Heloc, on a townhome we paid cash for and have no mortgage on. thanks 

[Sean Ross]

Some Helocs have less fees and requirements but you might be at a variable rate.

If you want a large lump sum you can forecast paying off the debt service at a fixed rate over 30 years with fixed income, etc. that might be the way to go. 

Heloc will be a secondary loan to a mortgage, so you can do both as well.

Send me a message if you want to get some rates.

[Angie Castro]

With the current interest rates do not refinance do a HELOC instead. You can take out up to 89% of the APPRAISED value of your home with lower interest rates than a refi.

[Scott E.]

Depends on what you need the money for, and when you need the money...