Home equity loan or cash out refinance

[Gregg Romig]

I am Looking to pull out the equity in my primary residence to buy and investment property, I was originally going to use the heloc I have on the house but I’m getting nervous about rising interest rates and want to lock it in at this low rate. The 30 year fixed rate home equity loan is a lot cheaper than the cash out refinance with the closing cost but I’m unsure if you can write off the interest and depreciation using the home equity loan. Any feedback would be greatly appreciated!!

-Gregg