If you’ve paid off part of your mortgage or made improvements to your home that have increased its value, you may have equity that could be used to buy an investment property. Equity is the difference between your home’s current value and what you owe on your mortgage, and some lenders will allow you to tap into your home’s equity to use as collateral for a new loan. Done well, this type of property investment can yield excellent results, but it’s important you understand the risks too.
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