HEL VS HELOC VS REFI

[Micah Gillette]

Hi all, 

I am looking at buying and remodeling a 2nd home for a primary residence (house hack with attached apartment). We are doing a VA reno loan but may need a little more money to finish the reno. The main house is a 1961. After a few hours of research on the internet I have learned that Home Equity Loans, HELOCs, and Refi's are all superior to one another and I should do all of them! haha So my question to anyone with experience with them, which one do you prefer and why?

My 1st residence is currently a short term rental with 75,000 in equity, looking to get 40,000 of that max. We also refinanced it about a year ago. Thanks in advance! 

Micah G.