Original Message:
Re: Took out a loan to pay off timeshare mortgage in order to offload - good idea? (by Jhon H.):
Is your current home not yet paid off, but you still want to move? Then that is perfectly possible, even if you still have a loan. You can sell or rent out your home. These two solutions have different financial implications. You want to finance your new home with a mortgage loan. Then you can take out a new mortgage loan or opt for a bridging loan . Despite the advantages of a credit transfer, it can sometimes be cheaper to repay or buy off the loan on your former home in full and take out a new one for your new property. If you get some more info then view this thread: https://www.redweek.com/forums/loan/