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Can I use the money from my home equity loan as a down payme

This is a topic titled Can I use the money from my home equity loan as a down payme made in the Mortgage Talk section, belongs to our Mortgage Chat category; Can I use the money from my home equity loan as a down payment on a new (2nd) residence?....I currently live in property A, which I own and have ...








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Old September 8th, 2008, 08:54 AM   #1
Mike
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Registered: Apr 2008
Posts: 1,497
Default Can I use the money from my home equity loan as a down payme

Can I use the money from my home equity loan as a down payment on a new (2nd) residence?....I currently live in property A, which I own and have built up about $65,000 in. I am purchasing property B and will make this my primary residence and rent out property A. Can I take out a home equity loan on property A and use the money as a downpayment on property B?
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