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Personal Finance
HomeForumsPersonal FinanceHELOC vs Conventional loan
Troy Froistad's profile image
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Troy Froistad
Pro Member
  • Investor
  • from Asbury, IA
  • Member since Dec 18, 2018
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Troy Froistad's profile image
Troy Froistad's profile image
Troy Froistad
Pro Member
  • Investor
  • from Asbury, IA
  • Member since Dec 18, 2018
Connect
Troy Froistad
Pro Member
  • Investor
  • Asbury, IA
20
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62
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Personal Finance

HELOC vs Conventional loan

Troy Froistad
Pro Member
  • Investor
  • Asbury, IA
Posted Sep 15 2019, 16:58

So, I am ready to buy my first duplex for $50,000. Should I empty the savings and pay cash for a quick close then pull out a HELOC so I can move on to other purchases. Or, do I get a conventional loan on the 50k. Are there better rates on conventional or is it a wash either way?

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