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Updated over 4 years ago on . Most recent reply

Naveen Rondla's profile image
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Naveen Rondla
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  • from Pittsburgh, Pennsylvania
  • Member since Jul 8, 2015
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Naveen Rondla's profile image
Naveen Rondla's profile image
Naveen Rondla
  • Professional
  • from Pittsburgh, Pennsylvania
  • Member since Jul 8, 2015
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Naveen Rondla
  • Professional
  • Pittsburgh, PA
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General Landlording & Rental Properties

Cash out refi or HELOC

Naveen Rondla
  • Professional
  • Pittsburgh, PA
Posted

I bought a townhome few years back as primary home with interest rate of 3.875. I moved out to buy another home and kept this house as rental. I owe 130K on the house and the house is valued at 220K. I would like to take some cash out and reinvest. I am debating on whether to cash out refinance or take HELOC. House is in PA and I live in OH. Any suggestions and assistance with lenders who can help with the process is appreciated.

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