Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago on . Most recent reply

User Stats

253
Posts
52
Votes
Michael L.
  • Investor
52
Votes |
253
Posts

To Heloc or Not to Heloc is my question?

Michael L.
  • Investor
Posted

I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?

Most Popular Reply

User Stats

1,635
Posts
1,119
Votes
Jay Hurst
  • Lender
  • Dallas, TX
1,119
Votes |
1,635
Posts
Jay Hurst
  • Lender
  • Dallas, TX
Replied
Quote from @Michael L.:

I got faith that my "BP Fam" can shed some light on this for me, so big thanks in advance. What are the factors other than the interest rate when choosing between a Heloc or a cash out refi?

HELOC= Short term cash needs

Cash out (or even a closed end second mortgage)= Long term cash needs
  • Jay Hurst
business profile image
Hurst Real Estate, INC
4.9 stars
80 Reviews

Loading replies...