sammiemo

sammiemo t1_j6ni9ac wrote

I had a lot of equity in my old home and borrowed it on a HELOC for a downpayment on this one. It made the transaction a little more complicated because I had to close on the HELOC loan before I could finance the new home.

The whole process took a little over 45 days from having an accepted offer on the new house to closing on the HELOC then the new mortgage. Once my old home sold, which was less than a month later, I closed the HELOC and paid off my first mortgage.

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