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Moving and buying a home. Whether it is for work, family or retirement, our loan advisors know the specific situations that can arise during a move. Financing when you are buying one home and selling another can get tricky. Our knowledgeable mortgage advisors can help get you the loan you need quickly so you can focus on your new start.
One traditional trick of buying and selling a home at the same time is the contract contingency. When you make an offer on your new home, you can make the purchase contingent (or dependent) on the sale of your current home.
If you’re young and you’re looking to purchase a new home to live in, maybe you should consider turning your first home into an investment property.. 5 Mistakes to Avoid When Paying Off Your Mortgage Early May 16, 2019. Paying off your mortgage ahead of schedule could be a good idea if you want to save money on interest.
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If you are like most homeowners who would rather buy before selling, there is hope. Challenge #1 – Qualifying for 2 mortgages at the same time. There are 2 possible solutions for this: If you plan to rent your current home after buying a new home, we can use 75% of the future rental income of your current home to offset your housing payment.
The cracks in the foundation of a Chicago nursing-home business began to appear almost immediately. The owners stopped making mortgage payments on their crown jewel, the Rosewood Care Centers, barely.