In this economy, most American homeowners are flush with equity. Having plentiful equity in your home is beneficial for many reasons. It can be a great tool for reaching multiple financial goals, whether you’re trying to pay off debt, lower the principal balance on your mortgage, or buy rental real estate.

If you’re considering using your home equity to grow your real estate portfolio, your options include taking out a home equity line of credit or a cash-out refinance. But how do you decide between the HELOC and the cash-out refinance? On this episode of Investing in Real Estate, we're going to unpack both of these options.