Buying Home With Equity May 2026

There are three primary ways to tap into your home's equity to buy another property:

Lenders typically allow you to borrow up to , minus your current mortgage balance. This is known as your "usable equity". buying home with equity

: This is a "second mortgage" that provides a lump sum of cash at a fixed interest rate. There are three primary ways to tap into

: Buyers who need a specific, one-time amount for a down payment or an all-cash purchase. similar to a credit card

: A revolving credit line, similar to a credit card, where you can borrow and repay funds as needed.