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onlygirlsmom

Use Equity in Sale of home to pay down debt?

onlygirlsmom
17 years ago

My DH and I looking to sell and build within the next year or so. I hope to have our credit cards debt down to about $6-$8k by the time we sell this house. I'm thinking we use some of the cash from selling to pay off the debt, that way we when we move into the house, we may have a slightly larger mortgage but no credit card debt. Does this sound right or should we use all money in the sale of the house for a down payment?

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