17
Mar
How do you buy investment property with a home equity loan?
Author: admin // Category: Investment Loans // Comment (1) // Add CommentQues:
My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don’t have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.
Ans:
Excellent thinking. Plan it, budget it, agree on it (together) and go and do it. The best way to create wealth is to use the equity tied up in your house for buying more properties and building equity in them over time. Keep rinsing and repeating the process.
Recommended sites:
Related Blogs
- Money & Luck: Good Luck Charms
- Wacky Stuff » Kim Jong-il keeps $4bn emergency fund in European banks
- MTA Systems – Security Alarm Panel Silencing (1) | Home Security
- Indian Defence Budget and Poverty | The Pakistani Spectator
- What Every Mortgage Broker Should Know About SAFE Act Testing
- Looking for a good time? New scheduling tool in Calendar | JK Technologies |
- Overseas Investment Property – Avoid Common Errors and Make Huge Gains! | Costa Rica Travel and Vacation
- 5 Pitfalls To Avoid When Searching For Your Next Investment Property | Personal Finance, Loans & Insurance
- How to Find the Best Mortgage Modification Company « Low Mortage
- Home Loans – Tips On How To Take Advantage Of An Internet Mortgage Company And Service Online | Loan Brokers
- From the Good Life to good time girl: Felicity Kendal tells how her encounters with prostitution inspired an unlikely new role | Gossip Blender
- Is a Dummy Home Security Camera Economical? | Home Improvement – Scoop Central
- Home Security Systems Reviews – What is the Best Home Security System « Motion Systems
- Colorado Springs Real Estate Connection » Central and Downtown Colorado Springs Real Estate Market Report for February 2010
- The Ultimate Fund Guide | Best-Credit-Guide.com
- Two Minerals That Reduce The Risk of Colon Cancer
- EU at risk of cyber attack – Need to know – Macleans.ca
- SM-bugeting-and-emergency-funds | Your Traffic Manager World Blog
- SM-saving-money-on-the-bank | Your Traffic Manager World Blog
- USA Property Investment Advice Site http://www.US-Property-Investment.com Launched by USA Invest Ltd for Foreign Investors | Press Releases @ Your Story
Texas Mortgage Info: How your mortgage person structures your loan is more important than the getting a low rate. To get the lowest 30 year or 15 year fixed rate consider avoiding PMI (mortgage insurance) even though these loans have higher rates; they have lower payments.