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Help me understand how to use home equity as a down payment
Help me understand how to use home equity as a down payment Hi there. I have about ~$250,000 equity in my home. It is my intent to purchase a larger house in the next year or so (depending on interest rates, etc.). I will sell my current house at that time. How exactly would I go about unlocking the equity to use it for a down payment? Would I get a HELOC or something, which would be paid off at the time...
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