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 .
Related Questions
- How do you finance buying one home before you sell your existing home?
I want to buy another house , move, and then sell my old home . Are there ways t...
- Building a new home, if I cant sell my existing home will letting it fall into foreclosure affect the new home
The loan for the new home construction has no wording regarding the existing hou...
- Is using a HELOC on our existing home to finance a downpayment on a newer home a good idea?
My mortgage broker has suggested using a HELOC on our existing home to pay a dow...
- Can consolidate existing debt when buying my first home?
My wife and I have existing debt ( some credit cards , auto loans , mostly paid ...
- Any Pvt finance in Bangalore to give loan to close existing loans and go for Home Loan?
8 I have existing loans with 8 lacs as yet that banks are not encouraging , but ...
- Can't get the Equity line of credit holder to detach it from my home...so I can sell home. It did not appraise
Listing my home for $ 312,000 , which would have paid off both the first and sec...
- If i have alot of equity in my current home and my credit score is low, can i sell my home and buy a cheaper 1?
i bought a big home and now i have built up some equity, i tried to get some hom...
- Should i take out a home loan if i cant sell my free and clear home i just purchased?
I just purchsed one forecloser detroit free and clear for 25,000 that is worth 1...
- Should I buy the mobile home with intent to sell it in 1-2 years? Looking to buy a home.?
We are currently renting a mobile home in a park from my husbands father. he bou...
- What is my best option Sell home/Rent Home?
I bought my house in 2006 to live appx 730k price. During this economic downturn...
Answer This
Question:How do you finance buying one home before you sell your existing home?
