Which is better a cash out refinance or HELOC?

Hi, I want to buy a second home and plan to rent it our short term via AirBnB. My budget is $250k and we plan to use the property ourselves twice a year. There’s enough cash for a 30% down and I am considering a cash out refinance or HELOC, which would be a better option? Remaining amount is $350k, 28 years left, interest at 2.75%. Estimated appraisal is $500k and my DTI is 22%. by bhtower418 from Pleasant View, Colorado. May 16th 2022 Reply