Buy Before You Sell Costs Explained (And What You Get in Return)
One of the first questions homeowners ask is how much it costs to buy before you sell. The more useful question is what those costs actually replace. For applicable short-term loans originated directly through Ribbon by Hurst Lending, the Buy Before You Sell program charges a 1.0%–1.5% origination fee plus normal lender fees. You can […]
What Happens If Your Home Doesn’t Sell in Time?
One of the main concerns homeowners have about buying before selling is what happens if their current property takes longer to sell than expected. How long it takes to sell a home depends on the local market, asking price, property condition and buyer demand. Finding a buyer is also only part of the timeline. Inspection, […]
What Is a Home-Sale Contingency and How Can You Avoid One?
A home-sale contingency makes the purchase of a new property dependent on the buyer selling their current home. Depending on the contract wording, it can allow the buyer to withdraw from the purchase if their existing property does not sell within the agreed period. That protection can be valuable for the buyer. For the seller, […]
Buy Before You Sell Requirements Explained
Ribbon does not use one requirement to decide whether you qualify for Buy Before You Sell financing. The lending team reviews your financial position, available equity, current home, proposed purchase and plan for selling and completing the financing. This matters because many homeowners face a temporary timing problem. You may be able to afford your […]
Buy Before You Sell vs a Traditional Mortgage: What’s the Difference?
A traditional mortgage and a Buy Before You Sell loan can both finance a home purchase. However, they solve different problems. A traditional mortgage provides long-term financing for a property you are purchasing. It can work well when you qualify while retaining your current home or complete its sale before buying again. Buy Before You […]
Should You Buy a House Before Selling Yours?
Whether you should buy or sell first depends on more than the housing market. You need to consider your available equity, current mortgage, purchase budget, moving arrangements and how easily your existing home is likely to sell. Buying first can give you more control over your move. You can secure your next property, move once […]
How to Buy a House Before Selling Yours: A 6-Step Guide
You do not always have to sell your current house before buying your next one. Several financing options can help you buy first. These include qualifying for another conventional mortgage, borrowing against your home equity, using a traditional bridge loan or choosing a Buy Before You Sell program. The right option depends on your equity, […]
Home Equity Loan vs Bridge Loan for Retirees: Which Makes More Sense Before You Sell?
If you are retired and planning to move, one of the biggest challenges is often timing. You may have substantial equity in your current home.You may have strong savings and investments.You may already know exactly where you want to move next. But buying another home before selling the current one can quickly become more complicated […]
What Is an Asset Depletion Mortgage and When Does It Make Sense?
You may have substantial savings. Investment accounts. Retirement assets. Significant equity in your current home. And yet, when you apply for a mortgage, the process can still feel unexpectedly difficult. This is a common issue for retirees and asset-rich homeowners whose financial strength does not always show up clearly through traditional income documentation. That is […]
Why a 30-Year Fixed Isn’t Always the Right Tool (And What Retired Buyers Should Ask for Instead)
For many homeowners, the 30-year fixed mortgage feels like the default answer. It is familiar. Predictable. Widely available. And in many situations, it works very well. That is why most retirees naturally assume it is the right option for their next move too. But familiarity does not always mean fit. Especially when the move itself […]