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Buying A Home And Selling A Home At The Same Time » Mortgage Masters Group

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Buying And Selling Simultaneously. If you need to sell your old house in order to complete a new purchase, you may end up with a simultaneous closing. That means your sale and purchase will close on the same day. Buying a home this way can be a little tricky, but if you hit your deadlines carefully, you can pull it off.

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Unless you can afford two mortgage payments, at least temporarily, you’re going to have to find a way to juggle things a bit. Fortunately, you have a number of options. Contingent offer. If you can swing it, a contingent offer is one of the most straightforward ways to buy one home while selling another.

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Buying a Home "Subject To" Existing Mortgage With Mortgage Assignment Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.

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Contact Mortgage Lender. May need to sell current home first or do a simultaneous closing on home purchase and home sale at the same time. If income can qualify for both mortgages, then buyers have the luxury of buying home first and taking their time in selling current home to maximize top dollar.

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There should be few problems selling your home if it has both a first and second mortgage on it. However, home sellers should be aware of the process and any of the few potential problems that.

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