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RE: equity in home for new home down payment (Follow-Up #2)

posted by: calliope on 10.26.2009 at 07:14 pm in Buying and Selling Homes Forum

What he said. You sound like you could be in a 'good place'. Go talk to some lenders.

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clipped on: 10.27.2009 at 01:26 pm    last updated on: 10.27.2009 at 01:26 pm

RE: equity in home for new home down payment (Follow-Up #5)

posted by: qdwag on 10.27.2009 at 08:17 am in Buying and Selling Homes Forum

very practical...Can't say what a lender would do, but being mortgage free,you should be able to draw a significant % of the equity in the home....This should be very easy for you...best of luck

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clipped on: 10.27.2009 at 01:25 pm    last updated on: 10.27.2009 at 01:25 pm

RE: equity in home for new home down payment (Follow-Up #3)

posted by: qdwag on 10.26.2009 at 07:39 pm in Buying and Selling Homes Forum

If your current home is NOT on the market yet, get yourself a HELOC and use that as a down payment on a new home...Actually i told a loan officer,my house WAS going on the market,and they still gave me a HELOC on it,which i then used as a downpayment on the home we purchased

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clipped on: 10.27.2009 at 01:22 pm    last updated on: 10.27.2009 at 01:24 pm

RE: equity in home for new home down payment (Follow-Up #1)

posted by: ncrealestateguy on 10.26.2009 at 07:09 pm in Buying and Selling Homes Forum

Take 10 minutes and speak to a lender. But, I believe a Bridge loan might work.

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clipped on: 10.27.2009 at 01:23 pm    last updated on: 10.27.2009 at 01:23 pm