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URL:  http://boards.fool.com/the-quoti-found-a-house-dilemmaquot-21775879.aspx

Subject:  The "I found a house dilemma" Date:  12/18/2004  8:07 AM
Author:  Yikes51 Number:  78424 of 127262

Long story short. I was laid off by my company. They want to hire me back in another city. I went on a "fact finding" mission to explore housing situation. The company offered me the job. I want to accept. I found a new house that is ideal. Have not even started to sell my existing home. I have $50,000 that I could use for the new home downpayment, but desire to have lower mortgage payments resulting from the equity of the existing home.
How can I get the new home & apply the old home equity to the new home .... when my old home sells AND get a lower mortgage payment as a result of the old home equity monies being applied to the new home.
New home is for sale NOW ... haven't even started to sell the old home.
Dilemma, huh?
Thanks,
Pat

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