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Updated 3 months ago,

User Stats

5
Posts
3
Votes
Ashley Anderson
  • New to Real Estate
  • Phoenix AZ, United States
3
Votes |
5
Posts

Second Mortgage versus HELOC

Ashley Anderson
  • New to Real Estate
  • Phoenix AZ, United States
Posted

Good Morning! 

I see a lot of conversation about HELOCs and HELs - but not a whole lot about a second mortgage as a option to get started. 

About me: owner of a primary residence, looking to get a multifamily (preferred but open to single family) property soon. Going to use equity from home to purchase next property. 

Has anyone used a second mortgage? Pros and Cons?

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