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Updated almost 8 years ago,

Sharita S.'s profile image
Sharita S.'s profile image
Sharita S.
  • Investor
  • from Florida
  • Member since Mar 2, 2017
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14
Posts
1
Votes
Sharita S.'s profile image
Sharita S.'s profile image
Sharita S.
  • Investor
  • from Florida
  • Member since Mar 2, 2017
Connect
Sharita S.
  • Investor
  • Florida
1
Votes |
14
Posts
Buying & Selling Real Estate

Refinance the primary or HELOC?

Sharita S.
  • Investor
  • Florida
Posted

We currently have two rental houses. I'm wondering about refinancing our primary house to free up a line of credit to purchase another rental property. What are the downsides to refinancing? The rentals we own free and clear.  Our primary has 11 years left on a 20 year with an interest rate of 5.375.  The primary has about 400k in equity. 

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