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Updated almost 5 years ago,
Refinance vs. HELOC to obtain cash for downpayment
l need to come up with the down payment on a investment property. The options I am considering are: Refinance my house and pull out all the equity or draw the HELOC I have on it.
The down payment would be about 20% of my total network.
Which of these two would be a better alternative to get these funds?
Thank you.