Is it possible to trade the equity in my home?

Asked by L Meade, Las Vegas, NV Wed Mar 4, 2009

I own a home in Las Vegas NV, have about 125K equity at current prices, is it possible to trade the equity in my home for a home in that sales price range? To own a home outright is my goal, perhaps a foreclosed one. Would a bank consider such a trade?

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Vicky Chrisn…, Agent, Purcellvile, VA
Wed Mar 4, 2009
No, you won't see these types of trades going on much. You're better off selling your home and taking the equity to purchase the new home. That's the old fashioned (and best) way to proceed. Congrats on having equity in your home!
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