How should I go about buying a new home with old home equity?
I currently own a home with approximately 68k in equity. Id like to buy a new home without having to sell my current home, move into a rental until I buy a new one, then move again into a new home.
So far ive come across a couple options, but maybe there are better options than these.
Get a home equity loan and use it toward the new house. Move in. Then sell old house to pay off the equity loan.
Get an fha low down-payment loan. Buy new home. Sell old home. Use old home profit to refinance new home ASAP.
Any insight would be fantastic.
u/Afraid_League_6495 — 4 days ago