Question by sonofstar: How does one go about purchasing a new home when they already own one with a mortgage on it?
It seems that people move from home-to-home without discharging a mortgage. My husband and I would like to consider moving but just refinanced our home 2 1/2 years ago. We haven’t built equity in the house yet, so we’re at a loss as to what we should do in order to consider a new home with an old mortgage hanging over our heads.
Answer by Toni
Gather up all your pennies and come up with 10% down for a new home.
And keep your loans and credit cards paid down as much as possible so you can have little debt…
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