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Updated almost 4 years ago on . Most recent reply

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Andre Perez
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Andre Perez's profile image
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Andre Perez
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Andre Perez
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Starting Out

Refi out of FHA or use HELOC

Andre Perez
Posted

Hi Bigger Pockets Community! 

I bought a 2 family house hack almost a years ago with an FHA. Since then, the price of the property has appreciated a ton and I purchased the home under market value so there is a decent amount of equity. Should I refinance out of an FHA to eliminate PMI (which would save ~$500/month) or get a HELOC so I can use that capital to invest. Thank you in advance for the help!

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