I own a condo and have a 30-year mortgage which is about 25% paid off; It is my primary residence.
I have found homes within $10,000 of the appraisal value of my condo I like and have well over $20,000 in savings.
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So, in theory, if I managed to sell my condo and get a deal on one of those houses I could use the proceeds from the sale to pay for the new home in cash.
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However, of course, the chance of that happening is VERY unlikely and I would likely have to move into an apartment temporarily and/or take out a second mortgage temporarily (OUCH!)
Is there any smarter way to get some sort of backup money or allowance handy while I switch between the two properties?