Can be an initial home’s equity be employed to lower the interest into the an additional real estate loan?
Can be an initial home’s equity be employed to lower the interest into the an additional real estate loan? Supposing you have got a house value as much as $500k you have totally paid off. So now you are interested a moment domestic, but don’t must promote the first because it will bring a leasing money. Do you lay which earliest household down since the security when bringing a home loan for your next? Just in case thus create that will to attenuate the interest rate toward mortgage?...