u/dumpster_fire_chump

▲ 5 r/HELOC

HELOC to buy a new house?

The mortgage on our current house is completely paid off. We're planning to downsize--can we get a HELOC and use it to buy another house? Am I right that then, when our old house sells, the HELOC would be paid off in the same way a mortgage would?

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u/dumpster_fire_chump — 5 days ago