Tag Archives: Downpayment
How can I buy a house using the money from the sale of my current house as a downpayment?
Will the seller wait for me to sell my house or does the bank front you the downpayment money until you sell your house?
Is using a HELOC on our existing home to finance a downpayment on a newer home a good idea?
My mortgage broker has suggested using a HELOC on our existing home to pay the down payment on a new house. We own our existing home assesed at 70k with a small 15k home renovation loan. We are looking at houses costing around 125000 so we would need about 25000 down. We are assuming we … Continue reading
Should I buy a house? Found one I really like, I have 20% downpayment,pre- approval–but the economy’s nuts!
I’m a first time home-buyer, I live in Indiana, USA, I’ve found a house I really like, I have 20% for a downpayment, I’ve been pre-approved for a loan. But the economy freaks me out. And it’ll take me close to a year before I’ve built up an emergency cash reserve, and in this Brave … Continue reading