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Updated over 2 years ago,

JayCinta Henry's profile image
JayCinta Henry's profile image
JayCinta Henry
  • Investor
  • from Mesquite, TX
  • Member since Dec 3, 2019
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111
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15
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JayCinta Henry's profile image
JayCinta Henry's profile image
JayCinta Henry
  • Investor
  • from Mesquite, TX
  • Member since Dec 3, 2019
Connect
JayCinta Henry
  • Investor
  • Mesquite, TX
15
Votes |
111
Posts
Creative Real Estate Financing

Heloc or Cash Out Refi?

JayCinta Henry
  • Investor
  • Mesquite, TX
Posted

SFRental - has a 220-230k value

Current mortgage balance is 149k, with a 30 yr, 2.85% interest.
I put about 15K down payment and closing, house hacked for one year. 

I need access to money, to invest in other deals.  I am now trying to decide if to do a Heloc with my property management company (they take about a week to approve) or cashout refi with a bank. When do you consider one over the other?

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