found my dream home--best way to finance?
my home is not even listed yet and won't be for maybe three more weeks.
but i've found our next home and should jump on it i think.
i owe just over fifty per cent of my home's value and another home in the village outright.
i'd like to mortgage the village house for the down payment and finance the rest to buy the new house.
my current home wil have to be rented, which is scary but doable.
when my current home sells i will pay off the new home mortgage almost entirely, plus the loan i took out on the village home.
is this the only way and/or the right way to go or not?
the home is fsbo and i believe it ahs been on the amrket for a while, hope there is a little wiggle room there.