How do you finance buying one home before you sell your existing home?

Answers:2   |   LastUpdateAt:2012-10-03 12:26:02  

Question
danae
Asked at 2012-09-22 15:42:02
I want to buy another house , move, and then sell my old home . Are there ways to finance the new home to the heritage of the old house to secure the loan ?
Answer1Helpless in MathAnswered at 2012-09-26 18:26:03
Try mortgaging their first home and sell it to the transfer of the mortgage to the new owner
Answer2santosAnswered at 2012-10-03 12:24:06
One option to consider . Buy the home you want in the 100% financing . Sell ​​your current home, pay the piggyback loan . 100% financing usually works in a division of 80/20 . 80% is a kind of conventional loan , 20% in tow is a line of credit. It saves you the hassle of getting one later .
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