We are buying an investment property. With little to put down, what is the best way to finance the property? | All About Money Online

We have a large amount of equity in our current house.
We have no bills other than the mortgage on our current house.

Is a home equity loan to get to the 20% down payment and then a conventional loan on the investment property itself the best way to go?

Or is it best to finance the investment property itself rather than using the equity in the primary residence. We could finance 100% of the loan purchase price or do a secondary mortgage to come up with a 20% down payment.

Popularity: 2% [?]

No related posts.

RSS feed for comments on this post. TrackBack URL

Rate author