Asked by Indiana J, Indianapolis, IN • Sun Jul 1, 2012
We are relocating due to my job in Indiana. We put an offer on a homepath house with 10% down and got accepted. We got an offer on our current home 2 weeks later, we acepted it even though was a little low to avoid having a second mortgage. The problem is the broker says we can't close untill we close on our current home because we don't have 30% equity on it.
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