$150K in Equity. Can’t get a HELOC

[Gabrielle Martin]

Hi BP Fam!

I purchase a property through the NACA program and so far it has $150K in equity.

Since I can't get a HELOC with a NACA loan I'm wondering if there are other ways to use this equity for more investments.

NOTE: My current rate is 2.5 fixed. If I refinance into another loan I’m afraid I won’t get as good a deal.

[Gabrielle Martin]

@Jay Hinrichs and @Curt Smith Thanks for your input!  Yeah apparently your'e supposed to live there for the life of the loan but there are exceptions if I move for another job.. or something similar. Good news is I house-hack since its a fourplex. 

It seems I'll just have to see if a refi makes financial sense... Worst case I'll hold and sell it after a few more years (knock on wood for more equity).