One loan secured by new home and current home

Posted By: pjs

One loan secured by new home and current home - 08/17/10 04:36 PM

We can do this can't we- a purchase loan for new home and will also be secured by current home until it sells? It would just be like we do on regular purchase loan, right? Would ROR enter into the current home tho? I'm brain dead today. Thanks!
Posted By: Island Dreaming

Re: One loan secured by new home and current home - 08/17/10 05:53 PM

Yes, ROR would be needed.
Posted By: pjs

Re: One loan secured by new home and current home - 08/17/10 07:51 PM

THanks!