HELOC vs Refinance for investing

[Brian Plajer]

 Hello,

I have a HELOC that is adjustable rate, 10 year interest only payments....or I could refinance my primary home and take out cash locked in at somewhere between 2.5-3%. I am 10 years into my original mortgage and I know its not a great idea to refinance to a 30 year but I feel like getting cash at 3% is smart to finance RE investments....What else should I be considering?

thanks,

Brian

[Jason Peterson]

@Brian Plajer the reason I ask is because if cash flow decreasing is not an issue as it would with a cash out refinance as your PITI payment would go up, I actually did both maneuvers on my primary. I first cash out refinanced and my payment went up roughly 150 monthly. However I used the cash as down payment on a SFH. Then I took out a heloc and used as down payment on a duplex. Pay it down and repeat.