Financing property with HELOC

[Roberto Treviño]

Hi everyone. I am looking into buying my a second SFR. I would like your opinion on whether it would be better than finance the whole purchase with a HELOC from my primary residence or only get the down payment from there and get a traditional mortgage for the rest.

Thank you and look forward to your comments.

[Brittany Minocchi]

Hey Roberto - 

I personally would only pull the down payment from the HELOC just to lessen the risk associated with leveraging your personal home. People do it both ways, it depends on your risk tolerance and how much equity you have to work with. Happy to chat if you have any questions, feel free to reach out.