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How can I use equity in an existing home toward the purchase of a new home?

April 26, 2017equity existing Home purchase

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How can I use equity in an existing home toward the purchase of a new home?

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There are several ways to use your equity to buy a new home. The most common ways to obtain your equity are bridge loans, second mortgages, home equity lines of credit, or trade equity. Each option has a different impact on your qualifications, and costs for each option vary.