Don’t get trapped paying two mortgages! Here’s what you can do to avoid that situation.
If you want to buy another home, what should you do with the one you already have? You
definitely don’t want to be stuck paying two mortgages (not to mention taxes, insurance, and
utilities for each), so there are a couple of options you have.
definitely don’t want to be stuck paying two mortgages (not to mention taxes, insurance, and
utilities for each), so there are a couple of options you have.
You can rent one of the properties; some of that income will count toward your new mortgage.
If you don’t want to rent, you can simply sell the property. So you don’t end up without a place
to stay in the meantime, we can find with a buyer who will allow you to rent while you search for
a new home to purchase.
to stay in the meantime, we can find with a buyer who will allow you to rent while you search for
a new home to purchase.
Either way, you don’t want the burden of two mortgages on your shoulders. If you’d like some help navigating this process, would like more information, or have any questions, reach out to us. We look forward to hearing from you soon.
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