A second mortgage that gives you a lump sum of cash upfront.

When you know the exact amount you need for a down payment or full purchase and prefer predictable payments. 2. Home Equity Line of Credit (HELOC)

A variable-rate revolving credit line that functions similarly to a credit card.

By tapping into the value of your current residence, you can fund a down payment or even purchase a vacation home or investment property outright. However, turning your hard-earned asset into new debt comes with distinct risks.