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  1. Perp

    Confused as to where to put excess money from IP sale

    OK, I think I've figured this out. I think what you're saying is that your current loan on IP1 is $242K. You're allowed to increase that loan up to $292K, but you don't need the entire $50K (being released by increasing the limit) to close out IP2, right? Say you only need $30K to close out...
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