Buying a New Home Without Selling Your Current One
One of the biggest misconceptions I hear is“You have to sell your current home to buy the next one”
That’s not always true.
If structured correctly, you can turn your current home into a rental and still qualify for a new primary residence.
Here’s what that can look like• Rent out your current home• Use a portion of that rental income to offset the mortgage• Qualify for a new home with as little as 5 percent down• Keep your first property as a long term investment
Lenders don’t automatically count two mortgages against you when rental income is documented properly. This is how many homeowners slowly build wealth without overextending themselves.
If you’re curious whether this works for your situation, ask below or message me. Happy to break it down.
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Randa Dehaan
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Buying a New Home Without Selling Your Current One
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