You own a home. You want to buy another home before selling, but you don't have enough money to make a down payment on the type of home you want. Your down payment is trapped in your home! What can you do?
I am here to help! The first thing you should do is use my buy a home before selling calculator. This calculator will estimate for you what purchase price and what loan amount is possible. All you have to do is enter the value of your current home, the price of the home you would like to buy, and how much you owe on your current home.
Click on the link to access the buy a home before selling calculator
Please remember this is a first step! The output of this calculator does not mean that you can qualify! It's purpose is to give you an idea if you are even in the ballpark in terms of the amount of cash needed given the value of your current home, the value of a possible new new home, and how much you owe on your current home.
If you would like to talk to me about your scenario, please contact me. I can help homeowners and homebuyers with properties located in California.
Phil Caulfield NMLS #386911 APMC #1850 has been helping people obtain mortgages since 1985. The views, articles, postings, and information listed at this website are personal and do not necessarily represent the opinion or the position of American Pacific Mortgage Corporation.