Can I take out a loan to pay for my next house?

There are lenders that will do this 1 day off of MLS; find a broker that can do it for you if that's what you really want to do. It does not make sense to do this however, because you will have a mortgage regardless, so why not keep this one as paid off and finance your new property with a low down payment. Rent the current property with a positive cash flow and simplify your life. Gregorio Denny --WeFixRates.Com--

Hello Jessica. If you would like to refinance your home, we can assist you as long as you take the home off the market. We allow 1 day off of MLS loans. I would be happy to email you a quote. Please send me an email at adennie@fmbranch.com. We are National Direct Lenders and have been in business for almost 25 years. Thanks.

Hi Jessica,you could but the home would need to be fully removed from MLS and pulled off the market.Once that is done you then can do a cash out refinance then once loan is closed and completed you then can place back on the market. Thank You

The best way to do this, in my opinion, is to find a broker, regional bank or credit union that offers cross-collateralization. This will give you the money out of your current residence to purchase another, without time restraints or legal ramification. .... Happy funding, Rudi