Need!! help making a decision

[Romane Daley]

My sister is selling her house to me; however, we want to do a mortgage transfer since she currently has a 2.5% interest rate, but the bank will only pay what is owed on the current mortgage. The equity she wants is $55,000, which I don't have in cash fully, but I own a home now with that in equity, and I have money in an IRA.

My challenge is that I don't want to sell my current home; I want to rent it.

I can't decide if I should borrow from an IRA, Heloc, or refinance my current house, which is also 2.5%. I also have credit cards that I can turn into cash, but the interest rate is an issue.

I just don't know what the right move is to get that cash and keep that rate.

Am I missing any other strategies or ways I can gain that capital at a cheaper rate?