Before you apply for a home equity loan to buy another house, it’s worth considering the alternatives. They, too, have advantages and disadvantages.
The best source of cash to buy another house would be money that you have already saved and for which you have no other immediate need.
Retirement savings
Your retirement savings are a possibility. If you have a 401(k) plan at work, for example, your employer may allow over at this site you to borrow a portion of it through a 401(k) loan. Read more