Sometimes, either by choice or for reasons out of your control, you find yourself trying to buy a new house before you sell the one you are living in.
This poses two potential challenges; 1) Can you qualify for both home loans? and 2) what is the source of the down payment for the new home loan? Let’s take them one at a time. Qualifying for two mortgage payments can be a challenge but in recent years has become more commonplace. ...Continue Reading →