What is the best choice for getting money out of my equity in my current home to purchase a second home?

February 13, 2009 by Debt Equity Financing  
Filed under More Equity Answers

Can you answer sholly13’s question about Equity?:

I have $70,000 of equity in my current home I need anywhere from $20,000 to $25,000 for the purchase of a second home. Should I refinance or take out an equity loan?

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