Buying Home With Equity -

: Homeowners who want to maintain a single monthly payment and potentially secure a lower interest rate on their entire debt. Calculating Your Buying Power

There are three primary ways to tap into your home's equity to buy another property: buying home with equity

: A revolving credit line, similar to a credit card, where you can borrow and repay funds as needed. : Homeowners who want to maintain a single

Lenders typically allow you to borrow up to , minus your current mortgage balance. This is known as your "usable equity". similar to a credit card

: Buyers who need a specific, one-time amount for a down payment or an all-cash purchase.

: This is a "second mortgage" that provides a lump sum of cash at a fixed interest rate.