Top 4 Ways To Buy A New Home Before Selling Your Current One | TheRuethTeam.com 

Looking to buy a new home before selling your current one? Here are the top 4 strategies to make it happen! In this video, Nicole Rueth shares practical solutions to help you smoothly transition to your new home with minimal stress. Please visit our website to get more information: theruethteam.com/
Learn about recast, HELOC, bridge loan, and trade-up programs. These strategies can help you strengthen your negotiating position and make the home-buying process easier.
Buying a new home while still owning your current one can feel overwhelming, but with these strategies, you can manage the transition without the stress. Nicole explains each method in detail:
1. Recast: Use your savings for a down payment on the new home, buy it, and sell your old home. After selling, use the equity to pay down the new mortgage and recalculate your monthly payments.
2. HELOC: Open a Home Equity Line of Credit on your current home before listing it. Use this line of credit for the down payment on the new home. After moving in, sell your old home and pay off the first mortgage and the HELOC.
3. Bridge Loan: Get a short-term loan to bridge the gap between buying a new home and selling your old one. This loan pays off your existing mortgage and can include 12 months of interest-only payments, freeing up cash for the new purchase.
4. Trade-Up Program: Make a non-contingent offer on the new home. This will remove the debt of your current home from your debt-to-income ratio, making it easier to qualify for a new mortgage.
Homebuyer Resource:
FREE First-Time Homebuyer Guide: bit.ly/3Pgzhhj
Get Started on Your Homebuying Journey: bit.ly/nrueth
Nicole also emphasizes the importance of working with a creative lender to explore all available options, combining different strategies, and considering additional solutions like gifts, co-signers, renting out your existing home, or refinancing consumer debt.
This video is about the Top 4 Ways To Buy A New Home Before Selling Your Current One. But It also covers the following topics:
Moving Tips
Non-Contingent Offer
Home Buying Advice
Video Title: Top 4 Ways To Buy A New Home Before Selling Your Current One | TheRuethTeam.com
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✅ About Nicole Rueth.
Welcome to Nicole Rueth's channel! As a residential mortgage lender, we aim to provide easy-to-understand advice on real estate and market trends. Our videos help buyers, investors, and agents build wealth through smart real estate choices. You'll find valuable tips and insights here if you're new to the market or an experienced agent. Subscribe now and start your journey to financial success with real estate! Let's build wealth together!
Nicole Rueth
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The Rueth Team Powered by Movement Mortgage
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