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Updated over 5 years ago on . Most recent reply

Elaine Petty's profile image
Elaine Petty's profile image
Elaine Petty
  • Member since Apr 1, 2020

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8
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Elaine Petty's profile image
Elaine Petty's profile image
Elaine Petty
  • Member since Apr 1, 2020
Elaine Petty
1
Votes |
8
Posts
Foreclosures

Heloc or Home Equity Loan

Elaine Petty
Posted

We are looking at buying a foreclosure to use as a rental and have about 1/2 of the purchase price in cash. Thinking about a Heloc or home equity loan for the other half. Our main home is paid off. Which of those 2 loans are recommended? And does it matter to our bank what we are doing with the money?

Thanks!

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