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Buying a new house and concerned about getting a loan if my existing house doesn’t sell. Am I worried for nothing?
Buying a new house and concerned about getting a loan if my existing house doesn't sell. Am I worried for nothing? So we put a deposit down on a new home build and I’m worried about what will happen if our existing home doesn’t sell by the time the new home is built. Here are the numbers – New home - $800K, Deposit paid - $160K Due at closing $640K Existing home for sale $1,325.000 (Real estate agent suggested a $1.4 listing price) Mortgage remaining - $350...
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