LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

This might be a silly question but I am not sure of the process,

Posted By Message

JerseyMamaOf3
Boo!

Member since 6/05

15144 total posts

Name:

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.

Posted 2/7/06 7:41 PM
 
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

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.

Posted 2/7/06 8:02 PM
 

charon54
My two boys!

Member since 5/05

7279 total posts

Name:
Rebecca

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.

Posted 2/7/06 8:20 PM
 

sasha96
lovin' my 2 little ladies!

Member since 5/05

7401 total posts

Name:
Julianne

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.

Posted 2/8/06 7:32 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Should probably be on the HOME board, but I have a dishwasher question... AndreaLMT 8/17/06 8 Parenting
IMportant Question...pregnant ladies vegalady 8/17/06 4 Pregnancy
kinda silly question JavaJunkie 3/23/06 16 Pregnancy
Silly question: Why are Brooklyn and Queens people BabyAvocado 3/2/06 33 Families Helping Families ™
silly bath question dawnygirl25 2/24/06 10 Pregnancy
Silly Question nrthshgrl 2/17/06 8 Parenting
 
Quick navigation:   
Currently 446243 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows