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  • Profile photo of Loose NutLoose Nut
    Member
    @loose-nut
    Join Date: 2009
    Post Count: 3
    December 19, 2009 - 2:57 am

    Thanks guys!

    Can anyone explain to me how using the equity in your current house to buy a new house works? How much do the banks let you borrow against your original house generally?

    Profile photo of Loose NutLoose Nut
    Member
    @loose-nut
    Join Date: 2009
    Post Count: 3
    December 17, 2009 - 11:42 am

    Thanks guys. Is what I am thinking about doing to reduce stamp duty alright… aside from the hassle of having to move twice in 6 months.

    Also, would I have enough equity in my house to get a loan for an investment property?

    And yes, I meant we owe $237k not $337 :)

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