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Home equity is the difference between the market value of your property and the amount still owing on your home loan. Since the proceeds from a home equity loan can be used for any purpose, that means you can. Using equity in an investment property to buy a home works pretty much the same too.

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Ad tap your home equity without the burden of additional debt. So in the example above, you'd be. Home equity loan rates are between 3.5% and 9.25% on average.