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re: Home Buying Scenario while renting current house
Posted on 6/21/12 at 8:40 am to nrtiger
Posted on 6/21/12 at 8:40 am to nrtiger
quote:
No I want to pull the equity out of my current house, about $115,000 and put it towards a down payment on a new home. I would then rent my current house.
The only ways to get the cash necessary to put a down payment would be to 1) mortgage the house up to FV or 2) Sell the house.
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