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

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Finance
sqeker48 asked:


I want to buy another home, move, then sell my old home. Are there ways to finance the new home using the equity of the old home to secure the loan?

Lynette
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This entry was posted on Thursday, May 15th, 2008 at 3:33 am and is filed under Ultimate Finance Knowhow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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6 Responses to “How do you finance buying one home before you sell your existing home?”

  1. Angie T Says:
    May 15th, 2008 at 5:31 pm

    For both loans or show rental income on your new home to offset it.

  2. Mike Says:
    May 17th, 2008 at 7:33 am

    For the equity from the downpayment for the new home showing that it will not be burden.
    The equity from the new home as the old home provide rental agreement for the equity from the downpayment for.
    For the first home showing that it will not be burden on you.

  3. Floyd B Says:
    May 20th, 2008 at 3:22 pm

    I don’t know the details but you can get a loan in this situation it’s called a bridge loan.

  4. Celina J Says:
    May 20th, 2008 at 7:40 pm

    Try mortgaging the first home and sell it with transfering the mortgage to the new owner

  5. overhereyoupretty Says:
    May 23rd, 2008 at 4:34 am

    The way to sell this will be the way to your home that you want to sell this will be the way to your mortgage lenderim.

  6. Daniel P Says:
    May 23rd, 2008 at 7:29 pm

    An option to consider purchase the home equity line of getting one later.

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