Dana George for Achieve

Can you use a HELOC to buy another property?

Picture this. You’re enjoying an outing in your favorite weekend getaway town. A for-sale sign in front of a charming little cottage catches your eye. Your heart beats a little faster because you can already see yourself spending all of your weekends and summers here.

You might already be sitting on (or in) the source of your down payment. The home you live in is more than a roof over your head. If you have equity, it’s also a financial tool that could help you reach your next goal.

Achieve explains how you could use a HELOC to buy another property.

Key takeaways:

HELOCs offer flexible funding that you could use for just about anything, including real estate.

HELOC interest rates are very competitive when compared

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