: Buyers who need a specific, one-time amount for a down payment or an all-cash purchase.

: Flexible funding for ongoing expenses or multiple smaller property investments.

There are three primary ways to tap into your home's equity to buy another property:

: This is a "second mortgage" that provides a lump sum of cash at a fixed interest rate.

Buying a home with equity involves leveraging the value of your current property to fund the purchase of another. Equity is the difference between your home's current market value and your outstanding mortgage balance. Methods to Access Equity

: This replaces your current mortgage with a new, larger loan, and you receive the difference in cash.

: Homeowners who want to maintain a single monthly payment and potentially secure a lower interest rate on their entire debt. Calculating Your Buying Power