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Updated over 5 years ago on . Most recent reply
Which should we do first? Cash out invesmtnets or HELOC on home?
We have been adding to value to our investment portfolio while our main residence has been appreciating, so now we would like to tap the equity in both. We do not want one to affect the other negatively so which one should we do first?
HELOC on our primary residence
OR
Cash Out refi on investment portfolio
Our thoughts:
The cash out will help our balance sheet and allow us to pay off short term debt, but will increase the debt to income ratio long term.
The HELOC will improve access to capital, but not necessarily resolve shorter term debt
What do you think?