That is the dilemma we're facing. We need to sell the current home to raise liquid funds for down payment on the new home. We already own an investment property that we're completely upside down on and cannot sell. We've been told by different lenders that we need 2 years of tax return showing...
Yes, we have more than 30% equity in our current home. We're looking at both new home and re-sale in the 500-650K range. With new home though we're probably looking more in the mid 500 range due to Mello Roos.
Hi, we're what you would call move-up buyers. The problem is we would have to sell first in order to qualify for mortgage on the new purchase. With 2 little ones I'm not really looking forward to crashing with relatives an moving twice. Someone suggested to me buying on contingency or rent back...