Sentences with phrase «less equity in our current home»

Not exact matches

If you have less than $ 22,975 (using federal exemptions) or $ 75,000 (using Wisconsin exemptions) of equity in your home (value of the house — amount owed on all mortgages = equity), and are current on your mortgage payments, you can usually continue to make your mortgage payments and keep your house in a Chapter 7 bankruptcy.

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.

Homeowners with less than 20 percent equity in their current home may have a difficult time covering the costs on selling and purchasing a new property.