THE ANSWER LIBRARY
Plan your next move
Work through purchase cash, sale proceeds and the cost of owning two homes at once. Compare the timeline before choosing a bridge loan, equity line or recast strategy.
50 published answers
How to Buy Before Selling When Your Down Payment Is in Home Equity
Buying first involves two separate decisions: finding the cash for the new closing and choosing the payment you want after the old home sells. Eric compares five routes instead of assuming a bridge loan is the only answer.
Read the answerPlan the next purchase before listing your first home
Your sale and next purchase are connected. Decide how you will qualify, where the closing money comes from and what happens if the two transactions do not finish on the dates you expect.
Read the answerCompare the whole monthly budget before protecting a low mortgage rate
Eric describes a family whose low mortgage rate did not tell the whole story. Their mortgage, credit card and car payments together mattered more to their monthly budget than the mortgage rate alone.
Read the answerPrepare your next mortgage before listing your current home
Planning the purchase early can reveal which timing options are workable before a home you want reaches the market.
Read the answerCompare home equity and retirement funds before funding a move
The video recommends exploring a current home’s equity before assuming retirement savings must supply the next down payment.
Read the answerKeep some savings after the down payment
The video raises two connected risks: putting every available dollar into the purchase and treating the maximum approval as your spending target. A home should leave room for life after closing.
Read the answerSelling with a low mortgage rate involves both payment and timing
The interview identifies two concerns for sellers: replacing a low mortgage rate and finding another home in time. Addressing both makes a moving conversation more useful than focusing on the sale price alone.
Read the answerKeeping a 3% mortgage: compare the whole moving budget
A low existing rate is valuable. Eric’s example shows why owners should also compare housing needs, other debt and sale proceeds before deciding whether a move is affordable.
Read the answerGet a seller net sheet before planning your next purchase
Before using an expected home sale to plan your next down payment, estimate what you will actually receive. Eric's May 12, 2025 Short connects two preparation steps: a seller net sheet and a financing review for the next home.
Read the answerEstimate what you will keep from the sale before shopping
Eric identifies a first time seller mistake: choosing the next home before understanding how much cash the current sale may actually produce. The sale price and the money available for the next purchase are different numbers.
Read the answerAfter selling, compare a recast before replacing the new mortgage
Eric's September 30, 2026 short suggests checking recast eligibility before refinancing after a home sale. That is a useful comparison, particularly when you want to keep the terms of your existing mortgage.
Read the answerMortgage Recast After Selling: Can You Lower Your Payment?
A recast may let an eligible loan’s servicer recalculate principal and interest after a substantial principal payment, using the existing rate and remaining term. It is different from refinancing. Confirm eligibility, minimum payment, fees and timing before building a move plan around it. Taxes and insurance can still change.
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