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Updated almost 5 years ago,

User Stats

2
Posts
0
Votes
Uschi Macero
  • Accountant
  • Fort Lauderdale, FL
0
Votes |
2
Posts

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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