We are buying another house and we wanted to know if there is a way to add any short balance from the house being sold to the new mortgage? The new home will have plenty of equity. We would probably have to carry over 20-30 thousand.
2007-03-12 14:35:53 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Sure -- but shop around, you can get some good deals on loans right now. watch out for double mortgage payments - make sure the purchase is contingent upon your selling your old house or you could get stuck paying on both.
2007-03-12 14:43:26 · answer #1 · answered by pilot 5 · 0⤊ 0⤋
I 2nd the 1st answer. additionally, it is not a sturdy supplier's industry perfect now. you would be able to lose money interior the top merely attempting to make the sale. i might difficult it out and artwork as plenty. The medical institution invoice could be paid in bits and products. you have a large component of your place paid for. the added money will come once you graduate. i might stick via it and wait to confirm what happens. Your husband could desire to continually attempt to locate a job which will pay a touch greater. i'm useful the abode to procure is in all probability the abode of your desires...do no longer enable that dream bypass.
2016-10-02 00:49:57 · answer #2 · answered by cushion 3 · 0⤊ 0⤋
no way you need to build equity in the house you now own - or your other option is to rent your current home for the amount of the mtg or slightly more for a profit - i can help you if you are in the Carolina's or Georgia shoot me an email. if you're not in the Carolina's call a property management firm they'll keep your home rented, they'll list it and all.
2007-03-12 14:41:57 · answer #3 · answered by Jazz 4 · 0⤊ 0⤋
Hello, I maybe able to to speak with some of my investors. Can you tell me a little more about the property and your location?
Thanks.
Lawrence Davis
2007-03-12 15:54:35 · answer #4 · answered by Lawrence D 1 · 0⤊ 0⤋