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Updated over 5 years ago on . Most recent reply

Joe Taylor's profile image
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Joe Taylor
  • Member since Jun 5, 2018
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Joe Taylor's profile image
Joe Taylor's profile image
Joe Taylor
  • Member since Jun 5, 2018
Connect
Joe Taylor
1
Votes |
4
Posts
Private Lending & Conventional Mortgage Advice

Cash Out Refinance vs Heloc

Joe Taylor
Posted

I bought a property in February for 39k. I have the property rehabbed and have a good tenant in place. I want to refinance to pull out cash to buy another property. I have tried several banks today and they are giving me crazy high interest rates and huge closing cost..I have a local bank wanting to do a heloc and assume my first mortage but idk if that would be a good idea or not...

Home value now 85k

Helppppp

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