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re: Buying new house before selling current one
Posted on 5/27/20 at 12:32 pm to Teddy Ruxpin
Posted on 5/27/20 at 12:32 pm to Teddy Ruxpin
quote:
You can HELOC (if you can get one now) your house now and use that money for the down payment on new house. Sell current house which pays off mortgage and HELOC.
I have also done this. Compare interest on HELOC versus PMI to decide if you want to use the HELOC to fund 20% down.
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