Buying Home With Equity Today

You receive a lump sum of cash with a fixed interest rate and repay it over a set term, such as 15 years. This is ideal if you know exactly how much you need for a down payment on a new home.

Home Equity: What It Is, How It Works, and How You Can Use It buying home with equity

You replace your current mortgage with a new, larger one, and take the difference in cash. This can be strategic if current interest rates are lower than your original mortgage rate. The "Usable Equity" Rule You receive a lump sum of cash with