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Updated over 6 years ago,

Lawrence Eiseman's profile image
Lawrence Eiseman's profile image
Lawrence Eiseman
  • Member since Apr 19, 2018
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Lawrence Eiseman's profile image
Lawrence Eiseman's profile image
Lawrence Eiseman
  • Member since Apr 19, 2018
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Lawrence Eiseman
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General Real Estate Investing

Home Equity Loan or Conventional Mortgage?

Lawrence Eiseman
Posted

I own a property valued over $850K. I want to buy another piece of land (for investment purposes) for $450K. Should I take out a traditional mortgage (conventional loan) or use the equity in my existing home (Equity Loan/Heloc) to purchase this other property?

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