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Updated almost 5 years ago,

User Stats

95
Posts
24
Votes
Jean Santiago
  • New to Real Estate
  • Chino Hills CA
24
Votes |
95
Posts

How does Heloc vs Refinancing Work?

Jean Santiago
  • New to Real Estate
  • Chino Hills CA
Posted

Hello! Newbie here!

I'm a little confused with how HELOC or Refinancing works when it comes to taking Equity out to use as a downpayment for a 2nd or a next property for investment.

Can someone please explain to me with an example? I hear it on the podcasts a lot, but still a little confused on exactly how the process works :(

Thank you so much BP community, any answers is much appreciated!!

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