mortgage recast calculator: Plan Your Home Purchase Using a Mortgage Recast
- 07/09/13 10:59 AM
Often times, seemingly in a fantasyland, home buyers might want to buy their new home first non-contingent on a home sale and sell their retained home shortly after moving into their new one without a financial inconvenience. They might want to do this to get a better price due to negotiating from a position of strength or it might simply be a matter of logistical convenience. Whatever the reason, the difficulty arises when they want to use the equity from the home that they’d be selling to achieve a lower payment on their mortgage for their new home. Most would suggest … (22 comments)
A place that borrowers can come to learn more than the basics of mortgage lending. It's also a place where industry professionals can come to find content for their clients.
Often times, seemingly in a fantasyland, home buyers might want to buy their new home first non-contingent on a home sale and sell their retained home shortly after moving into their new one without a financial inconvenience. They might want to do this to get a better price due to negotiating from a position of strength or it might simply be a matter of logistical convenience. Whatever the reason, the difficulty arises when they want to use the equity from the home that they’d be selling to achieve a lower payment on their mortgage for their new home. Most would suggest … (22 comments)
;)
;)
