HOME WITH ERIC · MORTGAGES REIMAGINED
Find an article about buying, moving or making sense of your mortgage. Start with your question.
534 articles to explore · Page 31 of 45
Articles marked “Substack” open the original in a new tab. Market updates reflect their original date.
Possibly, but eligibility and restrictions depend on the lender, property and timing. Tell the lender that you intend to sell and confirm whether a listed or soon to be listed home qualifies. Do no...
Read the articleA negotiated post closing occupancy arrangement may be possible, but it creates contract, insurance and financing questions for both parties. Get the terms reviewed by the appropriate real estate p...
Read the articleDo not assume your existing mortgage is portable to a new property. Most ordinary U.S. home loans are tied to the home securing them, and a new purchase usually involves new financing. Check your a...
Read the articleYes, depending on the full costs and timeline. Selling first can make proceeds available and reduce overlapping mortgage obligations, while adding rent, storage or a second move. Compare those cost...
Read the articleOften the lender must consider the existing home’s obligations while reviewing the new loan, unless an applicable program provision allows different treatment. The exact documentation and condition...
Read the articleEquity becomes usable purchase money through a completed sale or an approved financing arrangement. An estimated value minus a mortgage balance is not cash in your account. Compare timing, loan cos...
Read the articleA family buyout combines valuation, ownership and financing decisions. Agree on the legal arrangement with qualified counsel, obtain a realistic value and identify existing debt before choosing a l...
Read the articleA lender may need specific documentation and conditions to use future employment income. Do not assume an offer letter alone is enough for every program. Review the start date, pay structure, cash...
Read the articleStart by separating legal ownership, mortgage liability and the household budget. A divorce agreement does not automatically remove a borrower from the lender’s contract. Work with qualified legal...
Read the articleA bridge loan is temporary financing with specific repayment terms. Sale proceeds may be intended to repay it, but the debt does not disappear if the home takes longer to sell or brings less money....
Read the articlePlan for cash needed at the purchase, payments while you own both homes and a reserve that remains if the sale is delayed. Expected equity is not available cash until a sale or approved borrowing p...
Read the articleStart with a realistic sale price, then subtract the mortgage payoff, other liens and the actual selling and settlement costs. The result is estimated proceeds, not a guaranteed deposit. Use severa...
Read the articleWANT TO WORK THROUGH A DECISION?
Bring it to a Discovery Call. You do not need a complete application to start a conversation.