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Updated over 2 years ago,

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Austin Klesmitk
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Keep cash or pay down mortgage

Austin Klesmitk
Posted

I currently have a mortgage on my personal property at 3.4% interest with around 100k in equity.  I have around 30k saved at the moment and I am looking for a single family home to turn into my first rental.  My question is should I keep the cash in my savings account until I get a deal under contract or should I put that 30k towards my home loan and when I need it pull it out via heloc? 

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