HELOC down payment to mortgage balance
Hello,
Newbie question. What is a good ratio of down payment to mortgage if using a HELOC? If a property is $200,000, would be beneficial to put $100,000 from a HELOC and have a $100,000 mortgage? End result would be ~$500 M payment plus ~$320 H payment for a total of $820/month.
Is it better to put more or less DP from a HELOC?