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Updated about 1 year ago,
How to pay of a HELOC with a mortgage
I recently purchased a property by taking a heloc out on my house. I was wondering if it would be smart to try and get a mortgage on my rental property to pay off the HELOC. my reason for doing this is the payment would be a fixed rate, and I would be able to create more cash flow. It would also repay my HELOC, to use on another property. Curious as to opinions on this, also looking for pointers on how to do this. All help and insight appreciated!