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Updated over 5 years ago,

User Stats

7
Posts
4
Votes
Cameron Parr
4
Votes |
7
Posts

HELOC or Home Equity Loan or Personal Loan

Cameron Parr
Posted

Hey BP,

Newbie here looking to close my first two deals on two buy and hold duplexes. 

Ran into a hiccup when lender initially told me they would finance 85% of the loan now has changed to 75% but I only took out money from my 401K to satisfy what she initially told me. 

I have a SFH that has about $25k equity. I need about $14k to close the deal at the new ratio.

What options do you think I could explore to fund the $14k. HELOC, HEL, or personal loan?

Thanks

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