Own A Home, But Want A New One?
You’ve come to the right place! We’re happy to help!
If you currently own a property but want to purchase another one, congrats, you are movin’ up in the world!
But there are A LOT of questions that have to be asked and answered and all of them don’t have right or wrong answers.
Questions We Are Happy To Help You Answer!
- Should I find a place to buy before listing my existing property?
- If I have a firm sale on my existing property before going house hunting?
- Do I have to sell my existing property before I buy something else?
- What if I want to buy without selling my existing property?
- Can I keep my existing property as a rental and buy a bigger property?
- Can my new property have a $20k BBQ installed? Because who doesn’t love BBQ!
- Do I have to get a new mortgage or can I just use the one I already have?
- If I do keep my existing property, how do I access my equity to use as a downpayment?
- How much am I required to contribute as far as downpayment is concerned?
- Where do I start? Do I talk with my REALTOR® or Mortgage Professional?
As you can see, there is certainly a lot to think about! And this is where we come in. At HomeHappy we have helped thousands of clients in similar situations and can provide you with sound advice and options that will meet your unique moving up needs!
Move Up Home Buyers Guide
Resources to help you navigate the property ladder and secure mortgage financing
How to Ensure a Smooth Home Purchase
Figuring out what you can afford, understanding your cash flow, and getting a pre-approval are a few of the steps you should take to ensure a smooth home purchase. Learn what else you should consider.
An Overview of the Home Buying Process
If you’re planning to buy either your next home, let’s assess your creditworthiness, take a look at your income, plan for a down payment, and nail down exactly how much you can afford to borrow.
Bridge Financing and Deposit Lending
If you’re looking to sell your existing property to buy something else, and you’d like to take possession of the new property before the sale of your existing property goes through, you need bridge financing.
3 Questions To Ask Yourself Before Listing Your Home!
If you’re selling a property and plan to move from your existing property to another property you will be purchasing, make sure you have worked through mortgage financing ahead of time. It pays to plan.
Porting Your Mortgage
Porting your mortgage is when you transfer the remainder of your current mortgage term, outstanding principal balance, and interest rate to a new property if you’re selling your existing home and buying a new one.
Can you Trust Online Mortgage Calculators?
While online calculators are great to run some numbers and estimate mortgage payments, they shouldn’t be relied on for mortgage qualification purposes. Learn more about the mortgage process.
How to Handle Missed Payments
If you’ve missed a payment on your credit card or line of credit and you’re wondering how to handle things and if this will impact your creditworthiness down the road, here’s the plan for you to follow.
Buying a Second Property
Whether you’re looking to buy a vacation property, start a rental portfolio, or help accommodate a family member, there are many reasons to buy a second property while keeping your existing property.
What is a "No-Frills" Mortgage?
When securing mortgage financing, your goal should be to lower your overall cost of borrowing, not just look for the lowest rate mortgage. Learn more about how no-frills mortgages can be a trap.
Improving Your Credit Score
Did you know that roughly 20% of credit reports have misinformation on them? Learn more about how regularly reviewing your credit report is an integral part of credit management.
Before you Co-Sign a Mortgage
Co-signing on a mortgage for someone is a great way to help them get ahead in life. However, as it could have a significant impact on your financial future, there are considerations.
Locking in a Variable Rate Mortgage
If you have a variable rate mortgage and recent economic news has you thinking about locking into a fixed rate, the first thing you can expect is to pay a higher interest rate over the remainder of your term. Learn more about what happens when you lock in a variable rate mortgage.
