Jan 20, 2022
4:37:13pm
4:37:13pm
It sounds like he would need it long term which is why I recommended a cash out refi
HELOCs are generally better for shorter term loans of items you plan to pay back quicker. If he is keeping the rental then a full cash out refi will give him a lower fixed rate that he knows what the payment will be (except for taxes and insurance) for the life of the loan.
Either way will get the job done.
Either way will get the job done.
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