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Updated over 4 years ago,
HELOC or Refinance mortgage?
Hello
I am having a hard time wrapping my head around the HELOC.Can I consider HELOC as an adjunct to my primary mortgage?Say the remaining loan amount is 500k and say I have about 50k built up in equity.Would it make sense to have an HELOC on a MF rental property that was bought for 750k?
Thanks