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Updated about 6 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Jonatan Cris
  • Contractor
  • Kearny, NJ
6
Votes |
18
Posts

Best way to use my equity to buy a new property?

Jonatan Cris
  • Contractor
  • Kearny, NJ
Posted

We are looking to buy our second home soon. We are in the New Jersey area.

Our question is can anyone give us any ideas or ways so we can better use the equity we have on our existing home for it?

Our house is on an FHA right now and we have around 30k in equity on it.

We have been looking into HELOC or HEL but we are wondering what other options are there to get that money out and straight into our new home.

I am sure there must be many other ways and I am looking to learn all I can. 

Thank you all for the time and long live BP!!

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