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Can i use the equity that i have on land that i bought to use as a down payment on another house? |
we put 30,000 down on land and plan on using the land for investment purposes. we bought 32 acres. yes you can. you just have to make sure that you can show the equity and the fact that you can make the payments on both of the loans. They don't give equity loans for properties without a house on it. |
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