As housing prices have soared, so has the worth of home equity (the portion of the home you own outright, not financed). As of November 2024, U.S. mortgage-holding homeowners collectively had more ...

If paying cash or obtaining a land loan isn’t an option, you might be able to use a second mortgage to buy land.

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...