Reply: 1.1
From: Dale Gatherum-Goss
Hi
By selling your home, you first pay off the bank along with any fees that they may charge, next, you pay off the real estate agent for selling your home, then, you pay the solicitor . . . What happens is that you pay off everyone else before you get to play the money.
However, if you leave the existing debt where it is and borrow against the value in the home, you can still use the equity to buy more homes.
My advice, for what it is worth, is to keep the house and use the equity.
have fun and good luck either way
Dale