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 about 9 years ago on . Most recent reply
Interest rates, HELOC, Home Eq Loan, or regular mortgage?
Hi, I'm in the very early phase of looking to buy a SFH rental up to 75K.
I currently owe 280K on a 400k mortgage at 4% with excellent credit.
Considering 3 options to finance the purchase of the rental: 1) HELOC. 2) Home Eq Loan. 3) Normal mortgage+down payment without tapping my equity.
Wondering how typical rates compare between HELOC, Home Eq Loan, and a conventional loan for income property?
Thanks, I know I have a lot more to answer, but for now just thinking about rates