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Thanks, vkg!
So a mortgage would be the way to go? I didn't think a bank would approve a mortgage to purchase a second house, but it makes sense. In general, are there penalties for early payoff of a mortgage? I'm really not familiar with the products, since we've never had one before.
And yes, inspection will definitely be happening. And I believe the property will appraise for close to selling price. Thanks again!
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