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Reply to "Buying a new house before selling - money options"
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[quote=Anonymous]OP here: We do have 10% liquid right now for the downpayment, so a 80-10-10 HELOC would be an option. But we also have the option of borrowing 10% (or more) from family and then repaying it at the closing of our current home. I'm not sure if we need to throw that option out and do the HELOC or actually take advantage of that. My concern is how that would be perceived by mortgage companies. [/quote]
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