Can I use the equity in my house to buy another property?
Can I use the equity in my house to buy another property? Using equity in your current property to buy a second home? Equity in your home can be built up by paying off the amount you owe on your loan, or if the value of your current property has increased since you bought it. This equity can be used instead of a cash deposit when buying your second home. How is land equity used as down payment on a construction loan? If you own you land outright (no mortgage or liens) you can likely use your equity in the...