Asked by dw
Hi gurus,
I've very low mortgage loan left (20% of my condo value) and need to buy bigger unit as family has grown. Can I get my home refinanced, and use the extra cash as the 30% downpayment for the new unit which means I will have new mortgage on the old unit and new unit?
I dont feel like selling my old unit as I purchased it at low price and thinking of renting it out instead..
your advices are appreciated very much :) thanks
I've very low mortgage loan left (20% of my condo value) and need to buy bigger unit as family has grown. Can I get my home refinanced, and use the extra cash as the 30% downpayment for the new unit which means I will have new mortgage on the old unit and new unit?
I dont feel like selling my old unit as I purchased it at low price and thinking of renting it out instead..
your advices are appreciated very much :) thanks
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