Tapping equity in your current home is one of the most common ways homeowners fund a second home or an investment property. The right structure depends on the timeline, the new property's purpose, and how much certainty you need on payment.
If your current first mortgage no longer fits your situation and you want to fund a sizeable down payment now, a cash-out refinance can deliver the funds and reset the loan in one step.
Investment property loans and second-home loans have their own rules around down payment, reserves, and rate. Stack the full picture, your equity-tap loan plus the new purchase loan, before you commit to either.
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Both let you tap home equity. The right tool depends on what you need the money for, how long you need it, and what your current first mortgage looks like.
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