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For Rakhi Vasavada or LEV only : Please clarify me in detail on the below : (1) Can i take home equity line of credit (HELOC) or IInd Mortgage or Loan against property on my primary home (bought in 2012 on 5% cash down @ fixed rate interest for 30yrs repayment) where i live ? If yes , how will it work like where should i contact / how much will i get / how long repayment period , etc. ? (2) Can i use HELOC Funds for any purpose like education or shopping ? (3) Is interest paid on HELOC Funds or IInd Mortgage Loan Funds by me allowed for deduction as Itemized in my income tax return irrelevant of the fact whether i used these loan funds for any purpose like shopping or education ? (4) Can i also get HELOC or Home Loan against Property for 30 Yrs repayment period as i got the first mortgage in 2012 on this home ? (5) As i mentioned above that i bought my Primary Home in 2012 on 95% Home Loan Mortgage & 5% cash down @ fixed rate interest for 30yrs repayment with one bank and regularly paying monthly instalment since then , so now made some equity in this home over this period of 3yrs and market value of house has also increased a bit over this period of 3 yrs . Now , i want to do 2 things in regard with my only this home : (1) To get Mortgage Insurance Premium removed from my monthly instalment if loan value comes back less than 80% of revised home appraisal now , (2) To get home equity line of credit (HELOC) or IInd Mortgage or Loan against property on my this home from any bank on the basis of equity i have made in this home till now & the current home appraisal . Guide me how should i move to achieve above both 2 things in most economic & best order so as not to waste my payment of Appraisal Fees two times one for appraisal done by my current mortgage bank & other appraisal done by some other bank ready for HELOC Loan or IInd Mortgage ? (6) I want to buy my next home property (already have one self-occupied home bought in 2012 as i mentioned above) for investment purpose and I am exploring a way that I don't require to cash down anything or very minimal . My credit record is excellent and no problem on that front . I know if I find a house of around 150K to buy , bank will finance it 80% and I heard that rest 20% can also be financed through Subordinate Mortgage or IInd Mortgage with a different bank . Is this possible or you have some other option ? (7) Can i use the HELOC Funds of my current primary home to pay for Cash Down while buying my second home property for rental purpose or investment ?