Cash out refinance or Home equity loan??? best option???

[Chad Jackson]

I am currently trying to figure out the best option to use for financing my next investment.

My home's value is currently 330k and I owe 205k on my current loan.

I am trying to get 20k to use toward my next purchase.

My current interest rate is 2.6% which makes me want to lean towards using a home equity loan, so that I could keep that rate.

   Any tips or advice is greatly appreciated, Thank you!!!