Sell House Fast UK

The units in our development are renting for what we pay a month for our mortgage. If we sell right now, we would maybe just get our money back on what we paid for it. There are beautiful detached homes for sale that we’re really interested in! We already have a close family friend itching to rent our place and would sign a lease for 2-3 years. Also had a realtor email listings of rentals and he said they go very fast and in fact they have a waiting list for people looking to move into the community! Everything is still under home warranty within our home. Any thoughts on this? Wanted to see what others thought of the situation before we seriously consider moving forward with anything.

Caffeinated Content for WordPress

My mortgage broker has suggested using a HELOC on our existing home to pay the down payment on a new house.
We own our existing home assesed at 70k with a small 15k home renovation loan.
We are looking at houses costing around 125000 so we would need about 25000 down.
We are assuming we can sell our existing home for at least 55000k on a fast track if needed.
We have good incomes so the 2 payments would not be a major problem short term.
Any advice on this matter?
Any pro’s and cons to look out for?

Thank you in advance for your time.
OK? So which is it?

FRAUD?

Or people Do it all the time?

I do not understand. Why is spending the money on a car or vacation ok…but usuing it for something REAL is not?

Caffeinated Content for WordPress