In this video I compare a Home Equity Line of Credit with a Cash Out Refinance.
After my previous video on my experience obtaining a HELOC, one of the most common questions I received was, what are the differences between a Home Equity Line of Credit and a CashOut Refinance, and which one is better and which one should I choose?
In this video I explain:
What a Home Equity Line of Credit "HELOC" is
What a Cash Out Refinance "CashOut Refi" is
Pros and Cons of each
Which one I prefer for my own needs of Real Estate Investing and rental/investment property purchasing
Which one YOU should choose for your own situation
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