We are buying a house about $400K and we have about 300K cash in bank. Our current house is paid off worth about $300K. Is it a good idea to take $100K home equity loan to pay for the new house? Some people told me that can save us a few thousand closing cost. Is that true?
We are buying a house about $400K and we have about 300K cash in bank. Our
current house is paid off worth about $300K. Is it a good idea to take $100K home equity loan to pay for the new house? Some people told me that can
save us a few thousand closing cost. Is that true?
Many thanks.
Yes