Posted on: 03rd Jul, 2012 09:27 am
we are living in a condo in florida valued at about $250,000. it is we would like to move to another condo can we get a home equity loan on our current property to buy the new condo?
Hi docmj,
If you have equity in your property, then you will be able to get a home equity loan and use the cash received to buy your new home.
If you have equity in your property, then you will be able to get a home equity loan and use the cash received to buy your new home.