As the experts are saying that this decade is the best time to collect all possible property, you too may be interested or tempted into buying or investing in some property. But will you hold back your desire as you do not have much money? I will never recommend you to spend out your emergency funds. They are for your family’s urgent needs.

You can instead your existing home and get a secured loan to buy another property. This works in most of the case. All you need to do is that to find an expert real estate expert. He will guide you through the process. The problem with mortgage loans is that they need you to place some portion of the finance as upfront payment.

If you have that much money in your bank, it is fine. I will never recommend you to use your credit card to pay the upfront payment. The interest rates of the credit cards are way too high. It is better to approach an online moneylender for an unsecured loan. You have to deal with two loans but then you have an investment that will offer you greater returns.