Can i buying a second home with equity from the first

  • The Van Mill Real Estate Group by The Van Mill Real Estate Group
  • 1 year ago
  • 0

You can take out a home equity loan (HEL) or home equity line of credit (HELOC) to make the down payment on your second home. Your first home serves as collateral. Advantages of HELs and HELOCs as a down payment include the following: … You may be able to deduct the interest paid on home equity debt, up to $100,000.

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The Van Mill Real Estate Group

”The Van Mill Real Estate Group is a full-service Real Estate agency located in Ramsey, MN. We provide Cash Offers, Home Selling Options, and Buyer and Seller Representation to assist with all your Real Estate transactions. Our team of experienced Real Estate Agents will guide you through the process of buying or selling a property, ensuring that your interests are protected every step of the way. We also provide Home Valuation and Property Management services to help you make informed decisions about your property investments. Whether you are looking to invest in Real Estate or sell your current property, we can help. Our expertise in Real Estate Investing and Property Selling will ensure that you get the best possible outcome. Contact us”

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