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All Forum Posts by: Matthew Franklin

Matthew Franklin has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: Cash out refinance or heloc?

Matthew FranklinPosted
  • Posts 3
  • Votes 1

Absolutely thank you everyone! 

0 Votes
Buying & Selling Real Estate

Post: Cash out refinance or heloc?

Matthew FranklinPosted
  • Posts 3
  • Votes 1

Thank you for all the replies!

@David M. I just put a time frame out there for the refinance. From what I read it could be different depending on the lender. But since you brought it up. Is it better to buy the property out right? Or like @John Morgan said purchase as many as I can with 20% down? Thanks again everyone!

1 Vote
Buying & Selling Real Estate

Post: Cash out refinance or heloc?

Matthew FranklinPosted
  • Posts 3
  • Votes 1

Looking to purchase my first duplex. I want to do HELOC with my house to purchase the rental. Then refinance in a year to pay the loan off. My mortgage company and my mortgage broker said it would be better to do a cash out refinance. Is anyone familiar with this? Would it still work to refinance down the road and be able to purchase another property? Either way I'm trying to purchase as many properties as possible, just not sure what the right decision is. Any input helps thanks.

0 Votes