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| Written by Ben | |
| Thursday, 20 September 2007 | |
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Actually this is perhaps a bit more common than you'd think, especially recently with the market the way it is. Unless you've got $$ for a down payment for the 2nd house you've got a couple of options. Most likely the best option would be a 'home-equity line of credit.' The experts say it's cheaper (8.75%) and with fees typically under $300, sometimes $0!! In addition, credit is relatively easy to get nowadays as well. Obviously there are other options out there, but as usual, good research will lead to the best option for you. |
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