Can I borrow against my house to buy another house?
Yes, you can use your home equity to finance a new home purchase. And it’s an effective, low-cost way of funding a home loan.
Home equity is the difference between the value of the home and what you owe on the home loan. You can apply for a new home loan and use your home equity to fund it. The new home loan will have its own interest rate, either fixed or variable.
