Find Your Best Way To Buy Before You Sell

Your current house may be holding up your next move for more than one reason. Answer these four simple questions, and we will show you which option fits your needs and how the options can work together.

How To Use This Buy Before You Sell Option Finder

  1. Step 1Do You Need Equity From Your Current Home To Buy Your Next Home?

    Tell us if you need money from your current home to buy your next home.

  2. Step 2Do You Need Money To Get Your Current Home Ready To Sell?

    Tell us if you need money for repairs, cleaning, staging, moving, or other work before your home sells.

  3. Step 3Is Your Current Mortgage Keeping You From Qualifying For Your Next Home?

    Tell us if the payment on your current home is making it harder to qualify for your next mortgage.

  4. Step 4Looking For A Cost-Effective Way To Sell Your House And Be Done With It?

    Tell us if you want a set date when your home will be sold, while still having time to sell it for more.

  5. Step 5See Your Buy Now Before You Sell Plan

    See which option best fits your needs and how more than one option may work together.

Return To The Buy Before You Sell Overview
Step 1

Do You Need Equity From Your Current Home To Buy Your Next Home?

Tell us if you need money from your current home for the down payment or closing costs on your next home.

Do you need equity from your current home to move forward with your next home?

Do you need equity from your current home to move forward with your next home?

Step 2

Do You Need Money To Get Your Current Home Ready To Sell?

Tell us if you need money for repairs, cleaning, staging, moving, or other work before your home sells.

Do you need money before your current home sells to get it ready for the market?

Do you need money before your current home sells to get it ready for the market?

Step 3

Is Your Current Mortgage Keeping You From Qualifying For Your Next Home?

Tell us if the payment on your current home is making it harder to qualify for your next mortgage.

Is your current mortgage payment keeping you from qualifying for your next home?

Is your current mortgage payment keeping you from qualifying for your next home?

Step 4

Looking For A Cost-Effective Way To Sell Your House And Be Done With It?

Purchase EDGE gives you a set date when your home can be sold, while still giving you time to try to sell it for more.

Would you like a set date when your current home will be sold while you still try to sell it for more?

Would you like a set date when your current home will be sold while you still try to sell it for more?

Step 5

See Your Buy Now Before You Sell Plan

We show the best starting point for each need you told us about and how more than one option may work together.

See Your Buy Now Before You Sell Plan

Please Finish All Four Questions

Answer all four questions above and your best-fit plan will appear right here as you go.

Compare The Three Options

No-Payment Bridge Loan

I need access to the equity in my current home before it sells.

Use your available equity to help buy your next home first. You can also use the money for repairs, cleaning, staging, or moving. Then you can sell your current home after you have moved out and it is ready to show.

What Makes It Different

Access available equity before your home sells, with no monthly bridge-loan payments for up to 12 months. Program costs are paid from the sale proceeds.

Purchase EDGE Guarantee

My current mortgage payment is making it harder to qualify for my next home.

This option helps with the mortgage payment on the home you are leaving, so it does not stand in the way of buying your next home. You also get a guaranteed path for selling your current home.

What Makes It Different

The cost is a flat $3,500, not a percentage of your home’s price. It is not due until your departing residence is sold.

Purchase EDGE

I want a set date when my home will be sold, but I still want the chance to sell it for more.

Keep your home on the open market and try to sell it for the best price. If it has not sold by the agreed date, Purchase EDGE will buy it on that date for a 2 percent program cost.

What Makes It Different

The program cost is 2 percent if the Purchase EDGE backup sale is used. You can keep trying to sell for more on the open market until the agreed date.

More Than One Option May Help

These are not always one-or-the-other choices. One option can give you money before the sale, another can help you qualify, and another can give you a set date when your home will be sold. We will help you confirm which options can be used together in your situation.

More Details

  • If you need equity from your current home, or money to make repairs and get it ready to show, the No-Payment Bridge Loan is recommended, because it is the option that makes that money available before the sale.
  • If your lender said the current mortgage payment is keeping you from qualifying, Purchase EDGE Guarantee is recommended, because its qualifying purchase offer can allow the departing-residence payment to be excluded when program and underwriting requirements are met.
  • If you want a set date when your home will be sold, Purchase EDGE is recommended. You can keep your home on the open market and try to sell it for more until the agreed date. If it has not sold by then, Purchase EDGE will buy it on that date for a 2 percent program cost. That gives you a clear date when the sale will be finished. The program cost is 2 percent, compared with the 5 percent to 7 percent that cash-offer companies commonly charge.
  • Purchase EDGE Guarantee and Purchase EDGE are different programs, so both can appear when the payment on your current home affects qualifying and you also want a set sale date. We then confirm whether they can be combined on your file.
  • Telling us you want a set date moves Purchase EDGE to the top of your plan. It never removes an option you told us you need.
  • If you answered I am not sure, we do not guess. We show what has to be confirmed first and what would change based on the answer.
Can more than one option apply to me?
Yes. Each option solves a different problem, so it is common for two or three of them to show up in your results. We review your situation to confirm which ones can be used together for you.
Is this a loan approval?
No. This tool is educational only. It is not an approval, a commitment to lend, or an offer to purchase. Final eligibility comes from a full review of your credit, income, and property.
How is Purchase EDGE different from a cash-offer company?
You can keep your home on the open market and try to sell it for more until the agreed date. If it has not sold by then, Purchase EDGE will buy it on that date for a 2 percent program cost. That gives you a clear date when the sale will be finished. The program cost is 2 percent, compared with the 5 percent to 7 percent that cash-offer companies commonly charge. You can also accept a better open-market offer any time before that date.
Are Purchase EDGE and Purchase EDGE Guarantee the same thing?
No. They are two different programs that solve two different problems. Purchase EDGE Guarantee helps when the payment on the home you are leaving makes it harder to qualify. Purchase EDGE gives you a set date when your home will be sold, while you keep trying for a better price on the open market. In some situations they can work together, and we confirm that for your file.
What happens after my current home sells?
Bridge Loan customers can use the net proceeds from the sale to pay down the mortgage on the new home and then request a recast. A recast lowers the required principal-and-interest payment while keeping the same interest rate and the same remaining payoff schedule.

Want Help Choosing The Right Path?

Still not sure which option fits? Send Michael a quick note. We’ll review what is holding up your move, explain which option solves it, and show you whether two programs can work together.

Booking unlocks once you send your note, so Michael knows what is holding you back before the call.

Your information is used only to respond to your mortgage inquiry and is not sold. This is not a loan application and does not constitute any type of formal loan approval.

Return To The Buy Before You Sell Overview