I have a mortgage on my home and need to sell. Can I refinance on a house that I find, or do contract

I do not know what to do. Some people say do a contract, but I am not sure what that is. And someone asked if it is possible to refinance the remainder of the mortgage on the new

Responses:

You will want to sell your home first and then that will pay off the current mortgage so that you can get another loan for another home
sell your home first then pay the mortgage
You may have several choices. 1 - If you do not have your current home listed on MLS, you can refinance it as if nothing special is happening. 2 - If your home b IS / b listed, I have many lending partners that will refinance the property ONE - DAY after you cancel the listing. 3 - If you have reasonably stellar credit, I can provide a Bridge loan that would enable you to qualify for the purchase of another home, without having to consider your existing mortgage. Up to nine months of payments may be escrowed, affording you PLENTY of time to sell your existing home. 4 - If you qualify for both mortgage payments existing home and new purchase, you can plunge right in, if you feel comfortable with the arrangement

Tags: mortgage, payments, sell, existing, home

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Knowledge Base: Mortgage

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Knowledge Base: Refinance Home Mortgage

How does one go about refinancing on their home mortgage?

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Should I refinance my home mortgage if the current fixed rate is a full 1 percent less than my current fixed rate?

the current rate is 5. 6 percent and my current mortgage is 6. 6 percent. i got the mortgage 2 years ago. you should ize the cost / benefits. conventional wisdom says yes. it will boil down to the costs. if you can finance the refi costs into it, how (refinance home mortgage)

Finding a reputable lending company to refinance a home mortgage?

hello my moms house appraises for roughly 80, 000 and she owes 35, 000 she has been having dificulty finding a company to refinance that amount. most want 45, 000 or higher. but she wants to take advantage of the low interest rates. if you know of a good and (refinance home mortgage)

How low should the interest rate be so that refinance home mortgage will be worth my while?

you have to decide what you're doing, in essence, is paying a bunch of fees and costs now in exchange for a lower payment. so you figure out how long it will take for the lower payment to recover your fees and costs. then you decide if it is worth (refinance home mortgage)

Looking to find lowest refinance home mortgage rates?

im looking for a better home loan mortgage rate than i currently have with my bank. so i am seriously considering refinancing. does anyone know where i can currently check for the lowest refinance home mortgage rates?. the first thing i would do is get a copy of your credit (refinance home mortgage)

How often can someone refinance a home mortgage?

lets say in a 3 year period? i know i have enough equity in the home and just wondered if someone knew. thanks! the main reason for my question is i refinanced last year. my mortgage was then purchased by another lender and the new lender is the worst in (refinance home mortgage)

Is it wise to refinance your home mortgage to consolidate auto loans?

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