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/u/kfunk11
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We are lucky enough to own our home outright, but we currently have a tight income. WeI am interested in downsizing but don't know how to fund the new house. When we sell our house it will obviously be worth more than the smaller house (staying in same neighborhood) but of course we won't have access to that cash until it sells. I'm in the early stages of this idea and am in the process of weighing pros and cons. There is nothing wrong with our current home. It just feels a little overwhelming to manage and seems wasteful. The current house does seem like a better long term investment due to age, updates, layout, etc. But also costs more to upkeep. It feels strange to own our home but still be too poor to downsize 
I'm hoping yall have some advice on what steps to take if in fact we do decide to move. Also to note, I have a good credit score and no debt...just very little cash flow. Thanks and sorry if I sound terribly ignorant!
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Home equity loan with small income to downsize?
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I'm hoping yall have some advice on what steps to take if in fact we do decide to move. Also to note, I have a good credit score and no debt...just very little cash flow. Thanks and sorry if I sound terribly ignorant!submitted by /u/kfunk11
[link] [comments]
Home equity loan with small income to downsize?
Continue reading...