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Updated almost 11 years ago,
Line of credit vs Mortgage ?
I am looking to buy a investment property in NJ. I am trying to decide if I should get a loan from a bank as a conventional mortgage with 25% down from a bank or should I use my other investment properties line of credit to buy the house cash?
Is there other benefits besides being a cash buyer by using my homes equity?
What are the pros and cons of doing so?
Will I save a lot more money by using my homes equity ?