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Updated over 1 year ago,

Brandon Morgan's profile image
Brandon Morgan's profile image
Brandon Morgan
  • Member since Apr 13, 2023
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88
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67
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Brandon Morgan's profile image
Brandon Morgan's profile image
Brandon Morgan
  • Member since Apr 13, 2023
Connect
Brandon Morgan
67
Votes |
88
Posts
Starting Out

using home equity or HELOC as a down payment?

Brandon Morgan
Posted

does anyone have any experience with using their current homes equity for down payment on another home? I have a lot of equity on my current home and was thinking of taking some out in the form of a HELOC as a down payment. based on all my research it seems like a useful tool. I have over 200k in equity and I wouldn't need more than 50k for a downpayment. any advise on this?

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