Q. I found my dream home but the seller won’t wait for me to sell my home in order to buy his. What can I do?
A. This is a very common problem in today’s seller’s market, but the good news is we have a solution. If you can’t qualify for the new purchase without selling your current home, we offer a program that is specific to your situation. And along with our preferred lender you may qualify for a Cross Collateralization loan which uses the equity in your current home as secured collateral for your new purchase. Then when your current home sells, your new mortgage is paid down by the collateralized amount. Problem solved! If you would like an analysis of how this would work for your specific home purchase, please contact me.