The answer depends on the amount of equity available in the home you own. At APCI FCU, we allow a member to have more than one real estate loan secured by a primary or second (non-business) home provided the total amount borrowed is within the loan to value and policy guidelines. You may have a real estate loan on a primary home and a second home at the same time provided all other criteria are met. Taking a real estate loan may be beneficial depending on interest rate and
repayment terms of both the existing and new loan.