Purchasing another homeIf I currently have a home that is being rented out for just under mortgage and I plan to move back to the area, would it be better to purchase another home and keep the renters, or move back into the home. Either way, I intend to pay off this house in roughly 3 years free and clear. If I should purchase another home, should I do a straight mortage, or use the equity in my existing home to purchase the new house?June 09 2009 - Norfolk00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.