Asked by Max, New Jersey • Thu Dec 20, 2007
sale of their current home? Obviously the buyer would have to have a large of amount of equity in their current home and be willing to pay the (tax deductible) interest on the HELOC until their home sells. But it would give them flexibility in their new home purchase, would it not, if they want to convert their equity into the cash purchase of a new home and be mortgage-free?
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