- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Home Buying Scenario while renting current house
Posted on 6/21/12 at 8:17 am
Posted on 6/21/12 at 8:17 am
Currently my wife and I are looking to upgrade to a larger home and would like to pull the equity out of our house for a down payment on a new home. We would like to keep our current home and rent it out as it would bring in probably $500-600 per month more than our current note. How should I go about doing this?
2
Posted on 6/21/12 at 8:24 am to nrtiger
So you are saying remortgage your house for the full amount and then use that money to buy another home?
Posted on 6/21/12 at 9:29 am to nrtiger
you could prob get a 50k heloc, leave it in your bank acct for 60+ days, then use it for your down payment
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News