P petehe 16th Nov, 2009 #1 I got my second property secured by itself and my home. Can I take a line of credit against my home or I have to take it out against both properties?
I got my second property secured by itself and my home. Can I take a line of credit against my home or I have to take it out against both properties?
R Rolf Latham 16th Nov, 2009 #2 Hi pete Any further loan can usually be secured against either or both properties. while u are sorting out your new LOC u could self secure he IP as well w? ta rolf
Hi pete Any further loan can usually be secured against either or both properties. while u are sorting out your new LOC u could self secure he IP as well w? ta rolf
P petehe 17th Nov, 2009 #3 Thanks for your reply Rolf. Beacuse of both properties have been used to secured the second loan, how can I calculate what's the available equity left from my home for the loc?
Thanks for your reply Rolf. Beacuse of both properties have been used to secured the second loan, how can I calculate what's the available equity left from my home for the loc?