Posted on: 25th Oct, 2010 05:46 pm
currently owe 45,000 on house appraised at 65,000 can i buse home equity loan to help make down payment on 2nd home.
Hi nbliss!
Welcome to forums!
Rather than taking out a home equity loan, you can go for a cash out refinance and use the cash out money as down payment to buy your second home.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Rather than taking out a home equity loan, you can go for a cash out refinance and use the cash out money as down payment to buy your second home.
Feel free to ask if you've further queries.
Sussane