Snork Maiden
Registered User
- Messages
- 132
Hi,
I am currently selling and buying. From the sales proceeds I should have approx 160k after I pay off my current mortgage. I need a deposit of 50k for the house i am buying, but dont have the have it in ready cash. Will I be able to use some the equity in the house I am selling or some of the new mortgage?
What do other people do in this situation.....surely everyone who tradesup doesnt have the 10% deposit in cash????
Any advice?
Snorkie
I am currently selling and buying. From the sales proceeds I should have approx 160k after I pay off my current mortgage. I need a deposit of 50k for the house i am buying, but dont have the have it in ready cash. Will I be able to use some the equity in the house I am selling or some of the new mortgage?
What do other people do in this situation.....surely everyone who tradesup doesnt have the 10% deposit in cash????
Any advice?
Snorkie