Equity Line of Credit

Equity, line of credit, second mortgage, great tool right now.

If you already own a home, you’ll probably have a lot of equity, so you can do a second mortgage. So you’re not going to touch your first mortgage, you’re going to open another mortgage, a second mortgage, where you can pull up to 85% of your home value and use this money for anything you need.

You can buy another real estate, another investment, pay off any debt or whatever you like.