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Can we qualify for an $840k move-up home with 10% down while renting out our current house?

We're hoping to move into an $840k home in our neighborhood with 10% down while renting out our current $500k house that only has $47k left on it, and our household income is $250k with about three months of expenses saved. Is that level of debt and the new $6,500 payment actually something lenders would feel comfortable qualifying us for?

9 Answers

What is a good estimate to sell 214 acres in Baldwin County Ga

Looking to sell 214 acres of land with free flowing stream, timber located at 776 E 24 Highway Milledgeville, GA

6 Answers

Get my mom off my home just my name

I have a double wide manufactured home just a home being at least Land. I need to get my interest rate down from 11 something to at least an 8% so that I can get my house note down with how expensive life is I can't pay almost a $1900 house note it's putting me behind where I'm almost unable to pay my home cause I don't have enough out there every day bills so I need something where I can get my interest rate down get my monthly note down and have it just under my name without a closing cost being I lease the land and I just would have the manufacture home

5 Answers

Does my friend have any recourse for a mice problem that was flagged at inspection but not disclosed by the seller?

My friend bought his house in NJ 'as is' and the inspection found mice droppings but no live mice at the time, and the seller never said anything about a mice problem. Everything was fine for like 6 months but now that its getting cold he's seeing mice and fresh droppings again. Can he actually do anything about this since it showed up at inspection but the seller stayed quiet?

7 Answers

Will a builder usually buy down our rate or just let us walk if our VA financing contingency caps out at 6.5%?

we are under contract on a new build and our VA financing contingency caps the rate at 6.5 percent but every lender we check is quoting higher right now the builder is already offering buydowns on their spec homes that have been sitting do builders usually buy down a buyers rate to save a deal like this or would they rather just let us walk

7 Answers

Will a lender give me credit for paying rent on time even with a 566 credit score?

Im 20 and want to buy my first house soon. My credit score is only 566 but I pay my rent and bills on time every month. Will a bank actually see that I pay on time and help me qualify, or do I just have to wait until my credit score gets better?

6 Answers

Where do I find the water shut off for outside?

More of a handyman question but where can I find the valves that shut off my outside faucets so my pipes don't freeze.

16 Answers

How can i buy a simple home by paying the back taxes??

Looking to buy a home by paying back taxes. Open to various locations. Open to North Georgia, Tennessee, Murphy, NC

15 Answers

Taxes on selling a second home how do I avoid a huge bill?

I’m looking to sell a property I’ve owned for 5 years but only lived in for one. I know about the $250k exclusion for primary residences, but how does it work for a second home? Are there any loopholes to minimize capital gains?

25 Answers

How much is my home worth?

How do i really know how much my home is worth or what is my home value? I seen calculators online but they all say something different. I don't know what to list my home for.

28 Answers