My brother owns a house (grandfathers old house). It has K left on the mortgage, and he owes K in the form of a "promissory note" to my parents, who my grandfather left the house to when he died. The fair market value of the house is probably – K. Can my brother sell me [...]
Can I borrow out of my equity? Would it be a home equity loan or something else? Then when I sell my house, how would I pay off the mortgage and convert the equity loan into my new mortgage? Technorati Tags: home equity loan, new mortgage
I am looking to purchase a new house for about 0,000. I have only 10% cash for the downpayment. We plan on selling our existing home right after the new purchase. I have about 0,00 equity in my current house. I also have a HELOC line for ,000 which is unused. I am looking for [...]