The house your own is too small, or you are relocating and need another home in the new location.
Eitherway, the idea of a bridge loan is shot down by the bank that really wants to make the mortgage on the next house. To do the paperwork and hand you a house payment booklet.
How to get to home base. Again, the second time around when you already are on the home bag. Playing it safe but wanting to get on base to begin the process to land at home again. A different one. Where the price tags are higher. More zero places. You'd like to buy a home.
But can not due to debt ratios, credit score, price range folks swim in at the new puddle of properties, listings.
You don't want to get an apartment.
Sleeping in your car at the local Walmart is not so enticing either.
What about if the place you are buying has apartments?
For rental income to add to the horsepower in the house buying power range you need to rev up?
Some argue buying another ME home is way way easier, less mess, fuss when you can start fresh.
Like buying a car and not dragging in the dog that has died, on it's last legs to muddy the wheel and deal on the trade. The reason you need a new ride is that dead horse no one wants.That needs to go to the glue or Jello factory.
Or the expression bad credit is better than no credit. Or the higher the price, the thinner the buyers. But there is a way to maneuver, weave your way through the obstacles of buying another home when you already own one.