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This might be a silly question but I am not sure of the process,
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This might be a silly question but I am not sure of the process,
We might have to sell our house and buy another one due to a relocation. What would the process be since we dont have money for a down payment on another home.
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Posted 2/7/06 7:41 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: This might be a silly question but I am not sure of the process,
You would be using the equity from your current house to buy the new one? Most people that own houses are able to get the new one from the sale of their current house.
I would call up a bank or a mortgage broker to give you all the details though.
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| Posted 2/7/06 8:02 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: This might be a silly question but I am not sure of the process,
You can either do a bridge loan or a home equity. I will send you a FM with more info.
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| Posted 2/7/06 8:20 PM |
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sasha96
lovin' my 2 little ladies!
Member since 5/05 7401 total posts
Name:
Julianne
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Re: This might be a silly question but I am not sure of the process,
personally, i wouldn't do a bridge loan but you could take out a home equity loan to get you down payment money and then it would be paid off when you close on the house.
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| Posted 2/8/06 7:32 AM |
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