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Home Equity Loan To Buy Another House. Can you use a home equity loan to buy another house? When you borrow from a heloc, you just transfer the money to your checking account and do what you want.
from venturebeat.com
How much equity do you need to buy another home? You can even use a home equity loan or line of credit to invest. Homeowners may use the money from these second mortgages available as a lump sum home equity loan or as a home equity line of credit for any purpose.
The short answer is yes, although the advantages and disadvantages of this course of action may depend on what the second property is used for. Home equity loan for a second home. Tapping into home equity helps capitalize on standing assets with minimum risk At private wealth mortgages, we often get asked ‘can i remortgage to buy a second property?’ or ‘can i use equity to buy a second home?
