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.
Do you need help with or a question about a mortgage? Call or text me at (650) 222-0386, or e-mail me.
Guarantee Mortgage is a division of American Pacific Mortgage Corp. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, and the California Bureau of Real Estate. American Pacific Mortgage Corporation NMLS #1850, CAL-BRE #01215943. Single Family, Multi-Family and Commercial Loans. Equal Housing Opportunity. Equal Housing Lender.