286: Rookie Reply: Real Estate "Travel Hacks" We Use to Score FREE Vacations
Real Estate Rookie
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How to Use Your HELOC to Fund Your Down Payment
Ashley: I've always looked at the HELOC as almost like less expensive hard money. People are typically using hard money for six to 12, maybe 18 months as they purchase and renovate a property. After that time period, 12, 18 months, you go back and you refinance with some long-term fixed debt. So it's important to know what your term is going to be if you are going to refinance. The biggest thing is running the numbers and make sure it makes sense having those payments.
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