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Updated about 5 years ago on . Most recent reply

Uschi Macero's profile image
Uschi Macero's profile image
Uschi Macero
  • Accountant
  • from Fort Lauderdale, FL
  • Member since Aug 9, 2018
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Uschi Macero's profile image
Uschi Macero's profile image
Uschi Macero
  • Accountant
  • from Fort Lauderdale, FL
  • Member since Aug 9, 2018
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Uschi Macero
  • Accountant
  • Fort Lauderdale, FL
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Buying & Selling Real Estate

Refinance vs. HELOC to obtain cash for downpayment

Uschi Macero
  • Accountant
  • Fort Lauderdale, FL
Posted

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.

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