Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

106
Posts
5
Votes
Jeff Cliff
  • Northern California
5
Votes |
106
Posts

cashout refinance to pay HELOC

Jeff Cliff
  • Northern California
Posted

Hello,

I paid for a second home in cash with the money I had saved up and borrowed part of the money from HELOC from my primary home. I had my reasons to pay cash for the second home and it is not quite relevant to my question here.

Now my question is, since the interest rates are low, does it make sense to do a cash out refinance on my primary to pay off HELOC? If I do cash out, will I have to close HELOC account?

Thanks in advance for your response.

Loading replies...