How Do You Buy a Home When You Already Own One?

SOURCE RealtyPin.com
…Be prepared to answer some additional questions
If you’re going to be paying two mortgages (even if it’s just for a couple of months), the lender on your new mortgage is going to want to make sure you can swing it before they sign off on everything. After all, you’re going to be paying double the payments to the bank, double the premiums to your homeowners’ insurance company, and double the fees to your homeowners’ associations. That can really add up quickly! In today’s world – where lenders are being more careful than ever – they’re going to want to make sure you can handle it all…
Read the full article here: http://www.prnewswire.com/news-releases/how-do-you-buy-a-home-when-you-already-own-one–realtypincom-191737641.html