Most homeowners assume they have to sell before they can buy. You usually don’t. Here are the main ways to buy your next home while still owning your current one.
Bridge financing
A short-term loan that uses the equity in your current home to fund the down payment on the new one. You buy first, move on your schedule, then sell.
HELOC on your current home
Open a home equity line of credit before you list. Use it for the down payment on the new home, then pay it off when the old home sells.
Qualifying with both payments
If your income supports carrying both mortgages temporarily, you can simply buy the new home and sell the old one after you’ve moved. No rushed sale, no double move.
Which one fits you?
It depends on your equity, income, and timeline. That’s a 15-minute conversation. Reach out and we’ll map it out together.