Definitely, for those who have one, avoid being trying financing after all Before you apply to possess a property collateral loan to buy some other home, it is worth considering brand new possibilities. They, also, have advantages and disadvantages. An informed supply of bucks to purchase another home would be currency you have already stored and for you have no other immediate you would like. Old-age savings Pension deals are possible. When you have a beneficial 401(k) plan where you work, such as for example, your boss may allow you to borrow a fraction of it as a result of an excellent 401(k) mortgage. Like house security finance, later years bundle money will be risky.