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Updated about 5 years ago on . Most recent reply

User Stats

17
Posts
1
Votes
Jorge Uribe
  • Rental Property Investor
  • Palm Desert, CA
1
Votes |
17
Posts

HELOC or Cash out refi?

Jorge Uribe
  • Rental Property Investor
  • Palm Desert, CA
Posted

Seeking advise from others experience.

I am working on strategies for funding next properties down payment.

I have approx. $80k in equity in one rental.

Do cash out refinance and keep my payment the same, but reset mortgage and interest, OR

Get a Heloc and increase my monthly payment?

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