Ep 29 - HELOC vs Cash-Out Refinance: Which One Should You Use???
Rent To Retirement: Building Financial Independence Through Turnkey Real Estate Investing
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The Pros and Cons of HELOC vs. Cash Out Refi
HELOCs tend to fluctuate more so than a cash out refi as far as what banks are willing to do across the board. Local credit unions or banks that you're already working with, I'm especially local to the property that are ones that offer the best HELOCs. Cash out refis are more on a national scale. We have many lenders that will offer exceptional terms. You got to be a savvy investor and compare different loan options to really see what are the best options available.
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