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Updated about 6 years ago,
Refinance or HELOC??
I’m lookong to use the equity in my home to start acquiring Rental properties.
I currently have about $100K in equity In my home according to county assessment and other homes in my are have been selling for tens of thousands more than that assement. So I think it would appraise higher. I currently have an FHA loan and was wondering if it was more beneficial to refinance to a conventional loan and be able to use FHA again on an investment property or just use a HELOC and avoid some of the fees that come with refinancing such as closing cost.