|
 Buying
a new home before selling your current home is a very common
situation in our country today. The reason in many cases is
that home sellers are reluctant to enter into a sales contract
if it is contingent upon the buyer’s home selling first. And
since lower priced homes tend to sell quickly, many move-up
buyers are forced to find a new home prior to selling their
current home.
Because of this, many move-up buyers
are faced with two issues:
-
How do I qualify for a home loan
on my new purchase prior to selling my current home?
-
I had planned on using the
proceeds from the sale of my current home to buy my next
home. If I purchase my new home first, how will I come up
with the down payment?
At American United, our lending
representatives are skilled at helping move-up buyers tackle the
common issues that surround the “buy-sell”. With many of our
loan programs, we have relaxed the guidelines to help more
people qualify while they temporarily carrying two homes. In
addition, our 100% Home Equity loan programs allow our
clients to tap into the equity on their current home prior to
actually selling it, avoiding costly “bridge loans”.
To learn more
about how American United can help you simplify the process of
simultaneously buying and selling real estate, give us a call at
1-800-555-2035. |
