Using a HELOC to buy a second home can make a lot of sense for homeowners who have built significant equity in their primary residence. But that raises some important questions: How much can you borrow using a HELOC to buy another house? What are the benefits and drawbacks of applying HELOC funds to a second home purchase? What steps should you take to apply for a home equity line of credit? And what other financing options, like a home equity loan or cash-out refinance, should you consider? For answers, read my first article for new client Better.com, available here.
