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Updated almost 11 years ago,

User Stats

97
Posts
4
Votes
Marc Dufour
  • Denver, CO
4
Votes |
97
Posts

HELOC to buy studio in Paris

Marc Dufour
  • Denver, CO
Posted
I am thinking on buying a studio in Paris with a HELOC of $300K I have on my primary residence in the US. I would then rent the studio in Paris to have a positive cash flow. - If I use all the $300K HELOC, how much would be my monthly payment with a 4% rate? (I am not sure if HELOC are for 10, 20 years?) - Anyone has experience on using HELOC vs regular loan? Pros and cons?

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