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[quote=Anonymous]We were thinking of selling our current home in the spring and upgrading to a larger home (with a bigger mortgage).  However, we happened to randomly find a home we're seriously interested in purchasing - we were planning to use the equity in our current home for a downpayment, but since we found a home to buy first, our lender mentioned we could possibly do a HELOC for the downpayment.

Has anyone gone this route?  We would need to take out enough to put 10% down. As soon as we sell our current home in the spring, we would be able to pay off the HELOC.  Our current house is in Cap Hill, sweet spot in terms of price range (estimated ~850k-ish selling price without looking at comps), and *good* school district (zoned for Maury).

I suppose alternatively we could throw our house on the market ASAP, but we would prefer to wait for the spring market ideally. We have a few things to fix here and there, wanted to add a fresh coat of paint, etc.  Or is it better just to try to sell ASAP?  We don't know if we will actually get the house we're interested in, but it's not in as competitive a price range or condition. [/quote]

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