Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago,

User Stats

75
Posts
40
Votes
Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
40
Votes |
75
Posts

Interest rates, HELOC, Home Eq Loan, or regular mortgage?

Andrew R.
  • Rental Property Investor
  • Santa Barbara, CA
Posted

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

Loading replies...