Home equity for small business funding?
by isoform, Window Shopper
- Created: December 5, 2012, 1:28 pm
- Updated: December 5, 2012, 1:30 pm
I am exploring funding options for a new LLC, and am wondering whether refinancing a mortgage on a family home and/or rental property, with withdrawal of additional home equity funds, is the best way to quickly obtain funds for investment, at the lowest interest rates. Is this commonly done? What are the pros and cons (obviously, the mortgage must be repaid to avoid risking losing the property.) I would be grateful for any advice or suggestions. Thank you.
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