Cash Out Refinance vs Heloc
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