how to finance investment property?

Current situation:

1. the cash I have is not enough for a 20% downpayment of an investment property. 

2.I have a mortage for my primary residence with a equity of around $150,000.

Can I do a cash-out refinance of the eixisting mortgage to get enough cash for the downpayment of an invetment property? Any other ways? Thanks a lot!

 

所有跟帖: 

do a credit line on your primary home -jjj7- 給 jjj7 發送悄悄話 jjj7 的博客首頁 (0 bytes) () 03/03/2012 postreply 13:41:57

The rate of HELOC from my lender -armorr- 給 armorr 發送悄悄話 armorr 的博客首頁 (141 bytes) () 03/04/2012 postreply 07:11:12

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