Refi to invest?

[Ken Cooper]

I have found a property that I would like to purchase as an investment. To get the funds to purchase the property, I plan on taking equity out of my primary residence. I am trying to decide if it is better to refi with cash out, or to get a HELOC. If I refi, my interest rate would go up, but I could also get rid of the PMI on this property.

Any advice would be greatly appreciated.

Thanks,

Ken