u/Genericbadguy3

Hello,

I bought my house for $80k in 2017 and I have been slowly fixing it up. Right now I owe $58k on it and I have been thinking of moving to a different city (I work remotely and my job would not be affected).

According to Zillow (no idea how accurate that is), the market value of my home is around $235k and the house I am looking at is $175k.

If I use HELOC or a home equity loan, could I buy the new house and then pay off both mortgages with the sale of the old house? Thus living in a new place with no mortgage?

Or am I missing something or being delusional?

Any advice is appreciated!