New mortgage or Home Equity not sure
Would like to make my first deal in the next 6 months or so. We have pre qualify for 300k original mortgage and we have 140k in equity. Looking for a 2-4 unit in tonawanda kenmore buffalo ny. Just looking for something around 150k or less. not sure if its a good idea to use home equity or conventional mortgage. This would be a second home and we would not live there. Is there an option that has fewer fees?