Jake Safane has nearly 15 years of journalism and marketing experience on topics ranging from local entrepreneurship to international banking. He has written for publications such as The Economist, LA ...

You can use home equity to buy another house if you have enough of an ownership stake in your residence and meet other eligibility requirements. The most common ways to tap your equity are via a ...

But that doesn't mean you won't be able to buy the second home you've wanted. Another option is to use your home equity to ...

Another option is to use a home equity line of credit (HELOC), another type of second mortgage. Using a HELOC to buy land also means borrowing against the equity in your house, but instead of a ...

Sometimes called a “second mortgage,” it uses your ... Frankly, no. Avoid buying a car using home equity, if possible. With a home equity loan, your home is the collateral for the debt.

But can you deduct interest on a home equity loan if you use it to buy a second home? That's what we'll cover below. See how much home equity you'd be eligible to borrow here now. Can you deduct ...