Tagged : mortgage qualification

Found 1 blog entry tagged as "mortgage qualification".

In recent months, the Bay Area's relatively low inventory of homes for sale has created a bit of a seller's market. Although sellers remain open to negotiations once in contract, they are almost universally unwilling to consider any offer that is contingent on the sale of the buyer's current home. For this reason, homeowners looking to trade up or move to a new area are left with three options: 1) sell their home and rent until a prospective new home is found, 2) Qualify for the purchase mortgage carrying both properties' housing payments or, 3) qualify with projected rental income on their current home. 

Although most buyers would prefer to have their new home lined-up before parting with their current, for many there may be no choice. If sale proceeds

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