Financing second home/investment property

[Sarkis Gezalyan]

Hello all,

Couple questions here when it comes to the best option to purchasing a second home or investment property. Between a heloc and home equity loan, which one would you do and why? I understand that with the heloc I’ll have variable interest rates, but how bad would that be? Also another question is the timing of all of this. Do I take out my loan first, then look for properties to buy? With a home equity loan this would be more difficult since I would have to pay immediately....any input will do. Thank you