Interestingly, 27 % of upgrade - home buyers, who presumably have accumulated home equity in their current home, plan to do the same when they buy their next home. (valueinsured.com)
If you have accumulated significant equity in your current home, you can convert that equity into cash by selling the home and buying a less expensive one. (reversemortgage.org)
This situation can apply to a truck driver or to a corporate executive when they don't have enough equity in their current home to sell and pay cash for their new home. (nrmlaonline.org)