Mortgage on Primary or Investment

[Tanner Barnes]

I own my house out right, which I'm opening a HELOC to finance the purchase of my first rental property.

I know I need to close the HELOC before the end of 6 months, I have a .99% agreement for first 6 months.

My question get's into the financials of this. Do I need to refinance the Investment property with a mortgage when rehab is complete, or should I get my current house reappraised and mortgage it to pay back HELOC that I will have open using it's equity.

I think tax benefits as well as APR% will be better refinancing primary to get rid of HELOC?

Looking for thoughts on which property you guys would refinance to pay back the HELOC account.