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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: shanaling on August 07, 2020, 02:53:16 AM

Title: Best way to use home equity to buy replacement home?
Post by: shanaling on August 07, 2020, 02:53:16 AM

Hello,

I bought current home for $520k with $261k of debt left. It’s worth about the same, maybe slightly higher ~$550k. I want to use the existing equity to buy a replacement home and then sell current one. Would you do a HELOC, HEL, or cash out refi, or something else? Thanks.