Using home equity as a down payment.

[Ducote Kiernan]

I own my home free and clear and I have a real estate deal that looks really promising. I wanted to know if I could use the equity in my home as collateral for the down payment? I don't mean a HELOC or a home equity loan. I guess I mean like putting a lien against my property wrapped up in the purchase loan. I don't know if I'm explaining it adequately but that's the jist of it.