July 26, 2023

How to use your home equity to purchase a vacation home

Interested in purchasing a second home for vacation, rental, or investment purposes? You may be able to conveniently tap the home equity you’ve accrued in your primary residence to finance a second home.

But it’s important to understand the pros and cons of doing so, the forms of home equity financing available, the tax ramifications of using home equity to buy a second home, and alternative ways to fund a second home transaction. Read my newest piece for Refi.com, available here, and learn more.