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Author: Yikes51 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 128123  
Subject: The "I found a house dilemma" Date: 12/18/2004 8:07 AM
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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?
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