Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
We want to buy a new home and keep the old one, it is a good rental market and the market also appreciates. The catch is I need to borrow against that equity in that house for down-payment.
Is there a worksheet or something that I can plug my income and other numbers to figure out my maximum home affordability - specifically for this kind of situation -borrowing on/renting out and buying new home ?
What info do I need to gather before I talk to a mortgage broker ?
How will this be sequenced ? Will I need an appraisal of my property - that will need to be done ?
How about rental - does the property need to be rented before ?
I am in a super-hot sellers market and inventory is very tight. I will need to move into an apartment for a few months till we
So finding out what I can afford (each area here has a range) will determine which school we end up sending out child to. We don't want to disrupt school when we do buy.
Last edited by Kaliper123; 08-13-2016 at 02:11 PM..
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
