Can i buy a new home on home equity loan?

my existing house valued three hundred and fifty dollars and i still need to pay 80,000 towards my mortgage now i am thinking to to take two hundred and fifty thousand dollars equity on my house and paid off mortgage and i have a wish to buy a home in india so i need$ 110,000 to buy a flat in india and plus i want to buy a house here in usa close to my husband’ s office and the house we are living right now i want to rent how its gonna work..

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