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Updated over 5 years ago,

Troy F.'s profile image
Troy F.'s profile image
Troy F.
Pro Member
  • Investor
  • from Asbury, IA
  • Member since Dec 18, 2018
  • Posts 74
  • Votes 26
  • Experience 6 Yrs
  • Investments 1
Connect

User Stats

74
Posts
26
Votes
Troy F.'s profile image
Troy F.'s profile image
Troy F.
Pro Member
  • Investor
  • from Asbury, IA
  • Member since Dec 18, 2018
  • Posts 74
  • Votes 26
  • Experience 6 Yrs
  • Investments 1
Connect
Troy F.
Pro Member
  • Investor
  • Asbury, IA
26
Votes |
74
Posts
Personal Finance

HELOC vs Conventional loan

Troy F.
Pro Member
  • Investor
  • Asbury, IA
Posted

So, I am ready to buy my first duplex for $50,000. Should I empty the savings and pay cash for a quick close then pull out a HELOC so I can move on to other purchases. Or, do I get a conventional loan on the 50k. Are there better rates on conventional or is it a wash either way?

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