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re: Buying new house before selling current one

Posted on 5/27/20 at 1:01 pm to
Posted by GeismarGeauxer
Geismar
Member since Dec 2009
5181 posts
Posted on 5/27/20 at 1:01 pm to
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. Can't take a HELOC on a house listed for sale as I understand it so you'd want to do that now. There's also bridge loans but I didn't research that much.


HELOC
So tried current mortgage company and they don’t them in LA. And tried current bank and they don’t do them anymore. Any other ideas?
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