Cash out refi or heloc

[Justin Heitter]

I wrote a fairly long post on helocs vs cash out refi ....I forget what forum I posted it in but I’d greatly appreciate some feedback from you guys on which option you would choose in my unique situation. Thanks for your help guys

[Will Fraser]

HI @Justin Heitter, if the capital you are wanting access to needs to be permanent or if you have a use for it in an ongoing manner, might as well cash-out refinance it.

Typically you'll have higher interest rates with a HELOC, though the administrative fees are much much less when compared to a cash-out refi. Given the cheaper-than-inflation nature of our current interest rates, though, I'd say that locking in that dirt-cheap debt for 30 fresh years on a cashflowing rental property good be a good play.