Using Home Equity To Buy A Second Home May 2026

: A revolving credit line that functions similarly to a credit card. You can borrow, repay, and borrow again during an initial "draw period" (often 10 years), usually paying variable interest rates.

There are three main ways to tap into your home's value for a second purchase: using home equity to buy a second home

: Because these loans are secured by your home, they generally offer lower interest rates than unsecured personal loans or credit cards. : A revolving credit line that functions similarly