Should I refinance my home?

[Nicholas Garcia]

I'm looking to start my real estate investing journey but need to figure out some personal finances first. Looking for some help. I currently am paying a morgage at an interest rate of 3.75% on an FHA loan. Currently my home appraises around $515,000 and my pay off is about $335,000. My wife and I do have other debt as well as a car payment. Looking for advice on if I should refinance or take a home equity line of credit? The HELOC rates around my area in California are ranging around 4 to 6% up to max of 17%. Any advice or other ideas would be greatly appreciated. Thank you

[Andrew Postell]

@Nicholas Garcia your FHA loan is a good rate, but if you are still paying PMI (which is likely) then you should probably examine refinancing just on that basis alone. I would certainly speak with a lender right away and @Chris Mason is a good one for California.