Can You Get a New Mortgage Before Selling Your Current House?

Many homeowners want to buy their next property before selling their current one. Moving from one house to another is easier if you already have a place to move to. It’s also easier to identify which items you want to take and which ones you won’t need if you already know what your future house looks like.  However, getting a mortgage for your next home can be challenging. Lenders have strict requirements for carrying two mortgages simultaneously and you may be taking a risk by estimating your home sale profits.  This guide will cover key requirements to secure your next mortgage along with alternative financing options. This way you can make informed decisions about your pending home sale and upcoming home purchase. Here’s how you can protect yourself while also increasing your chances of a smooth move. Juggling Two Mortgages Depends on Your Finances Many lenders are aware that current … ContinuedThe post Can You Get a New Mortgage Before Selling Your Current House? appeared first on FastExpert.