The Problem
You found the perfect home.
It has a fantastic assumable mortgage.
But you need $200,000 to cover the gap.
Your current home has $300,000 in equity.
The money exists.
It's simply trapped in the house you haven't sold yet.
Those are illustrative numbers used to show the structure of the problem; actual equity depends on market value, the payoff and sale costs at the time of sale.
Possible Strategies
Depending on qualification and circumstances:
- Sell first
- Coordinate simultaneous closings
- Use bridge financing
- Use available home equity
- Negotiate appropriate contingencies
- Use temporary housing between transactions
Which Is Best?
That depends on:
- Current home marketability
- Buyer demand
- Available cash
- Risk tolerance
- Qualification
- Seller flexibility on the new property
Lisa Can Coordinate Both Sides
This is where having one coherent real estate strategy matters.
Lisa can help determine:
- Probable current-home value.
- Estimated net proceeds.
- Timing needed to access equity.
- New-home search parameters.
- Assumable-loan equity-gap target.
- Offer strategy.
Have equity but not cash?
Talk to Lisa before assuming you have to sell first and hope the right house is still available later.
The servicer confirms whether the assumption is available and whether you qualify. Lisa coordinates the real estate timing on both sides of your move.
