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re: Mortgage Question - if unable to sell home
Posted on 4/21/20 at 10:13 am to kywildcatfanone
Posted on 4/21/20 at 10:13 am to kywildcatfanone
Do a HELOC (using as a bridge) of around 90% on your current home (270k) put that down on new home then have a $130k mortgage on new home.
HELOCs like this can be done for no closing costs (may have to pay back appraisal fee ~$400 when paid off) and as low as 2.99% for 12 months with only interest payments required
HELOCs like this can be done for no closing costs (may have to pay back appraisal fee ~$400 when paid off) and as low as 2.99% for 12 months with only interest payments required
This post was edited on 4/21/20 at 10:15 am
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