Home Purchase
Gregorio Denny (GVDenny)
#257 ranked lender in California - 380 contributions
No, the home you purchase is the collateral. The home you already own is an asset that may be considered in qualification for the new purchase.
Joel Lobb (kentuckyloan)
#3 ranked lender in Kentucky - 192 contributions
You can take out another loan on the free and clear property up to 80% ltv
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Yes!We have Portfolio Lenders that will cross-collateralize your vacated home allowing you to purchase another owner-occupied residence, prior to selling. .... www.umboc.com
Ask our community a question.
Get an answer
Related Questions
