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Updated over 7 years ago on . Most recent reply

Aaron Hearne's profile image
Aaron Hearne's profile image
Aaron Hearne
  • from West Monroe, Louisiana
  • Member since Jul 14, 2017
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12
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1
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Aaron Hearne's profile image
Aaron Hearne's profile image
Aaron Hearne
  • from West Monroe, Louisiana
  • Member since Jul 14, 2017
Connect
Aaron Hearne
  • West Monroe, LA
1
Votes |
12
Posts
Buying & Selling Real Estate

Borrowing against the equity in a vehicle for down payment

Aaron Hearne
  • West Monroe, LA
Posted

I currently have 10,000 dollars equity in my Truck. My Credit union is willing to loan me 10,000 @ 1.9 %. Can I use this for the 20 percent  down payment for a real estate investment loan on a deal I'm looking to buy. Is there anything  illegal about doing this.

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