Cash Out Refi Vs HELOC | Which One Is BETTER???

Cash Out Refi Vs HELOC | Which One is better?

Cash Out Refinance vs HELOC (Home Equity Line Of Credit), which one is the better way to go? Well in this video we'll talk about the difference between a HELOC and Cash Out Refinance and I'll explain which one could be better to use whether you're a homeowner looking to do this with a primary residence or an real estate investor looking to do this with an rental property.

A Cash Out Refinance is when you replace your current mortgage with a new one and tap into your Home Equity pulling cash out when you get your new mortgage.

A HELOC which stands for a Home Equity Line Of Credit. It's a credit line that you can use to tap into your home equity as you please and you don't pay any interest on it until you pull money out.

So which one wins HELOC Vs Cash Out Refi? Well it's going to depend on your situation and how you plan on using it. If you want maximum capital for real estate investing then a HELOC could provide you a higher Loan To Value (LTV) or if you want a safe long term fixed interest rate then a Cash Out Refinance could be a better solution. There are many variables that go into making the right choice and in this video I go over all the pros and cons of choosing either a HELOC or Cash Out Refinance.

#HELOC #Refinance #RealEstate

[jamesallenrealestate]

What's your preference between a HELOC and Cash Out Refinance?

[georgeortega]

This was a very helpful overview of the options between Refi and Heloc. Comparative mini chart made the video even better.

[nellosnook]

Excellent information!, James! Finance rehab with HELOC, then RE-finance to amortize total costs and clear HELOC for next investment project. Comparatively low-interest, revolving credit, collateralized by primary residence. The key is to have sufficient paid-down/market equity for 80% LTV equation.

[jaimecardano]

Now I understand the difference between the 2. Best explanation. Thank you.

[militantprophecychannel]

The best explanation I found on this, thanks!

[YourLocalRealtor]

another informative video, keep up the good work

[franklyn]

The house that I have is an investment property. Its a two family house and its currently rented out. I started to renovate kitchen, bathrooms and new appliances. My credit card balance is now very high because of all the purchases. When i purchased the house it was around $70k 3 yrs ago. after watching your video, I think it would be best to get a HELOC?

[anarodriguez]

Hello wich bank did you use for the cash out?