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Buying modular home

Hey so i currently live im a stick built home that we bought for $190,000 about 5 years ago. We still owe $175,000 but the value of the home has gone up too $330,000. My idea is to sell my home and get a modular home and out it on some family land which theyve already offered us to build a house there. How exactly would this work? Id like to take the profit from the sale and put it towards the modular. Would i need to get a new mortgage for the modular and the pay it off after selling or is there a way i can wait to pay it off till my current house sells?

submitted by /u/LawfulnessWeak2159
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source https://www.reddit.com/r/RealEstate/comments/1k7j44i/buying_modular_home/
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