Thanks for your feedback to all, great info !
I like idea of home equity loan approach, low cost interest rates, and low Closing costs, sometimes you can find 'no' closing costs.
The other option mentioned, selling now to get the highest price, and live in a rental until I 'Close' on new house purchase. I have a condo down in S.C, and could live there, until new home purchase, but buying new house from a distance or sight unseen is a challenge ! I know folks who have done this, but can also have negative results.
The one main issue I see, is housing inventory. I'm looking to purchase a home for under $300k, that's my challenge. When houses in this price-range come on the market, they seem to be going under contract within days !
|