I have good credit at this point & am up to date on my bills but to gain more cash could I sell my home & buy a cheaper one? I have a home worth about $110,000 with a balance of $35,000 to pay off.
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If you have equity into your house, you can always downsize and pull out the extra money. The question is really how would this avoid you foreclosing on your property. If you only have a balance of $35,000, your monthly mortgage payments have to be less than rent... |
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