Line Of Credit

I bought a house for $ 60,000 in cash in Palmdale, California last year in October 2009 and I want to know what to do to get money out of it (the line of credit equity) to buy a another house? my credit score is excellent how could I get? What would my interest rate be??

Thank you!

depends on how much equity you currently have. chances are good you should be able to get a little money at a rate attractive. see your lender bank or credit union.

Congratulations