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can a person take out a 2nd mortgage on their home to purchase an investment property?

02 Apr

and without out of pocket money?

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  1. Bryrose

    April 2, 2010 at 11:12 pm

    You can take a home equity loan on your current property. The amount allowable depends on the state you live in. On home equity loans you are not restricted as to how you use the money. There are also other options I am sure, but you would be best served to speak with a loan counselor for specific information.

     
  2. derek

    April 2, 2010 at 11:49 pm

    Yes.

     
  3. chris

    April 3, 2010 at 12:21 am

    absolutely.