Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 10 years ago,
Portfolio loan vs. home equity
I have a 2 condos in my investment portfolio and I am acquiring another one. These have no mortgages. At this point I am thinking of either get a portfolio loan on them or take out more from my home equity. Just from the point of view of cost (of acquiring the loan), portfolio loan is more costly. What other things do I need to consider in order to choose between the 2 of them? The home equity has a better rate. Thank you.