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Updated over 3 years ago on . Most recent reply

Mike Schorah's profile image
Mike Schorah's profile image
Mike Schorah
  • Rental Property Investor
  • Member since Jul 7, 2021
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420
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190
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Mike Schorah's profile image
Mike Schorah's profile image
Mike Schorah
  • Rental Property Investor
  • Member since Jul 7, 2021
Connect
Mike Schorah
  • Rental Property Investor
190
Votes |
420
Posts
Buying & Selling Real Estate

Converting HELOC to 30 year fixed: If prices go down and cost

Mike Schorah
  • Rental Property Investor
Posted

If I use a $50k HELOC from my primary residence to buy an investment property and then convert the HELOC to 30 year fixed, what would happen if housing prices go down? Would I not be able to sell my primary residence? Should I assume that it would only affect selling the investment property?

How much does it cost to do this refinance?

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