HELOC vs HELOC all in one

1 Reply

If you had a paid off primary residence and wanted to tap the equity to buy rentals, would you:

A) Get a regular HELOC

B) Get a HELOC all in one (First position HELOC)

I don't want to do a refinance to a traditional home equity loan as I don't want a lump sum. I want access to the funds as needed, but I don't want to be paying interest on money that I have not yet deployed. 

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