Q&A: How hard is it to quifiy for a morgage when you are saling your house before it sales?

Question by fconrad6233: How hard is it to quifiy for a morgage when you are saling your house before it sales?
I am looking to buy a new house and do not want to sale my house until i have the new one bought and ready to move in to. I have the money for 30% down and make more than enough money to cover both morgages untill the house sales. I have around a 675 CS because of a devorce a few years ago. will this make it hard?

Best answer:

Answer by Ryan M
As long as you have enough income to cover both mortgage payments AND the necessary debt to income ratio….it will not be an issue. Your 30% down will be a HUGE asset to you.

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