Buying Home With Equity Info

: This is a "second mortgage" that provides a lump sum of cash at a fixed interest rate.

: Buyers who need a specific, one-time amount for a down payment or an all-cash purchase.

Buying a home with equity involves leveraging the value of your current property to fund the purchase of another. Equity is the difference between your home's current market value and your outstanding mortgage balance. Methods to Access Equity

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