Normally an initial residence’s guarantee be employed to bring down the fresh new interest on the next home mortgage?

Normally an initial residence’s guarantee be employed to bring down the fresh new interest on the next home mortgage?

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Normally an initial residence’s guarantee be employed to bring down the fresh new interest on the next home mortgage? Supposing you’ve got property worthy of up to $500k which you have completely paid down. Now you need it one minute household, but don’t need to offer the initial because brings an effective leasing money. Might you put this first household down while the collateral when getting a mortgage for... ...