Author Topic: Best way to use home equity to buy replacement home?  (Read 484 times)

shanaling

  • 5 O'Clock Shadow
  • *
  • Posts: 92
Best way to use home equity to buy replacement home?
« on: August 07, 2020, 02:53:16 AM »
Hello,

I bought current home for $520k with $261k of debt left. It’s worth about the same, maybe slightly higher ~$550k. I want to use the existing equity to buy a replacement home and then sell current one. Would you do a HELOC, HEL, or cash out refi, or something else? Thanks.

 

Wow, a phone plan for fifteen bucks!