Ask an Expert: Can I mortgage my co-op to buy another NYC apartment?

… city and I have a good job and excellent credit The trouble is the down payment … Ive thought about taking out a loan … the purchase of the second home Is this possible If so what are the pros and cons  … A The short answer is yes You … is to take out a home equity line of credit known as a HELOC which also uses your home as collateral but can take …

By Leigh Kamping-Carder |March 3, 2014 - 1:35PM