Need advice on tapping equity in primary residence

[Tamara Shipp]

So, primary residence. We owe about 175. Zillow says it's worth about 265. Quick searches of recently sold props in our neighborhood say the Zestimate is, if anything, on the low side.

We want to invest in a seasonal rental property in the Outer Banks. Should we do a HELOC or a total refi? Another possible option is actually selling the property to our son at market price, but even if we do that without a realtor, I'm thinking that would probably incur unnecessary costs. I assume a HELOC is going to come with a higher interest rate than the refi.

Just looking for thoughts.