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Home Equity Line Of Credit: Can I Use It For The Down Payment To Buy Another House, Then Sell The First House?

Hello everyone, I need to move to another location. Can I take a home equity line of credit on my existing house to pay for the down payment of a new home, and then sell the first house that I used for the line of credit? Are there any restrictions to do that? Can I [...]

Should I Take Out A Home-equity Line Of Credit To Pay Down My Mortgage To Eliminate Pmi?

My husband and I are currently paying PMI (Private Mortgage Insurance) on our mortgage. (We have no second mortgages.) I know we need twenty percent equity in order to eliminate PMI, but I don’t think we’re quite there. Is taking out a home-equity line of credit to pay down the mortage a [...]