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Updated over 5 years ago,
HELOC or Home Equity Loan or Personal Loan
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