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Updated almost 7 years ago on . Most recent reply

Karla Castro's profile image
Karla Castro's profile image
Karla Castro
  • Rental Property Investor
  • from Walnut Creek, Ca
  • Member since Oct 3, 2018

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Karla Castro's profile image
Karla Castro's profile image
Karla Castro
  • Rental Property Investor
  • from Walnut Creek, Ca
  • Member since Oct 3, 2018
Karla Castro
  • Rental Property Investor
  • Walnut Creek, Ca
0
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Creative Real Estate Financing

HELOC in 1st or 2nd position?

Karla Castro
  • Rental Property Investor
  • Walnut Creek, Ca
Posted

Has anyone done the "Sweep Strategy" (aka: Velocity Banking, etc.)? If so, do you feel it is best to refi into a 1st position, fixed rate HELOC, or to keep your 1st mortgage as-is and take out a HELOC?

Did you use any specicif software to help calculate this?

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