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HELOC vs Cash Out Refinance | Which is better for you?

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Your Agent - Tyler Wehrung

Link to my HELOC book: https://amzn.to/3ZcNGxW
Audio version of the HELOC book: https://adbl.co/3nyOsbo

Should you use a HELOC or a Cash Out Refinance to tap into the equity in your home?

Both of these are powerful tools, but we get a ton of questions around which one is better for your situation. We'll walk you through all the pros and cons of HELOC's & Cash Out Refi's.

⏰ Timestamps ⏰
0:00 Intro
1:56 Cash Out Refinance
3:43 Home Equity Line of Credit
5:23 Investment Example
6:38 Pros/Cons with Cash Out Refi
7:10 Pros/Cons with HELOC

In the end, there's no one size fits all approach here. You'll have to understand your goals and which of these tools best helps you achieve them.

We hope this was helpful and if you know someone considering their options with either approach, we would appreciate a share! If you have other thoughts or we missed something, let us know in the comments below.

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https://www.tylerwehrung.com

posted by encrespatf