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Updated over 3 years ago,
HELOC vs Refinance for investing
Hello,
I have a HELOC that is adjustable rate, 10 year interest only payments....or I could refinance my primary home and take out cash locked in at somewhere between 2.5-3%. I am 10 years into my original mortgage and I know its not a great idea to refinance to a 30 year but I feel like getting cash at 3% is smart to finance RE investments....What else should I be considering?
thanks,
Brian