Posts tagged: Retirement Plans

Considering buying a new home but current house is not on market yet. How to use equity for downpayment?

house sale fast

Our current house is assessed at $655K, and we own $140K on it. (Potential sale profit of $500K) How is the best way to get the maximum amount for an immediate down payment (the house we like will sell FAST!) without having already sold our current house? Or are we out of luck? Our existing house should sell quickly when it’s ready to go on the market, so we should be in a position repay a loan or HELOC within a few months. We also have retirement plans from which we could also consider borrowing.

Quick Property Sale