Say you bought a home for $100k with $10k down.
One year later the house appraises for $200k and you want to use that appreciation to put a new $50k down payment on a second property, without selling your current home.
How exactly does this work? Am I replacing my $100k mortgage with a new $150k mortgage?
Submitted May 20, 2017 at 06:23AM by ElbieLG http://ift.tt/2qBovZ0
