Equity To Buy Second Home | Releasing

By tapping into the value of your current residence, you can fund a down payment or even purchase a vacation home or investment property outright. However, turning your hard-earned asset into new debt comes with distinct risks.

A second mortgage that gives you a lump sum of cash upfront. releasing equity to buy second home

A variable-rate revolving credit line that functions similarly to a credit card. By tapping into the value of your current

Fixed monthly installments over a set term (typically 5 to 30 years) with a fixed interest rate. releasing equity to buy second home

There are three primary vehicles used to extract equity from a primary residence to purchase another property: 1. Home Equity Loan