Quote:
Originally Posted by vintageogauge
But keep in mind the equity loan will not follow the transfer of your deed if you sell your home. You will have to pay it off and you will not necessarily get your bond payoff back when selling your home as you will have to price it that much higher than the comps that have recently sold or are for sale, many buyers will not even take that into consideration.
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However, the total consideration for your home , paid by the buyer, is the Sales price plus the remaining bond balance. Sounds like "six of one and a half dozen of the other"