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Updated over 8 years ago,
finance
i Own 2 properties free and clear, and I'm looking to do pull out some equity. Either a refiance, Home Equity loan, or home equity line of credit. the numbers are
property 1: 15,000 tax lien
as is value 65,000
arv 70,000
Property 2 3,000 water tax lien
as is value 55,000
after repair value 95,000
what are the pros and cons of the types of financing?
and also my credit is not good but i do have a family member that i plan to use as a personal guarantor for my business, they have 640 credit score