Philip J. Cunningham Sr.
V.I.P. Realty Corporation
7942 Bustleton Ave
NMLS # 6395
Financing Kentucky One Home at a Time
I imagine you have your home all ready listed For Sale with an agent. If your agent doesn't do rentals or you want someone else marketing the rental I suggest contacting Mark Malfara out of Prudential Fox and Roach in Chestnut Hill. He is a team member of mine and he has tons of experience helping people in your situation. I work with him and would also be able to help and have lots of rental experience aswell. In this market we typically have this kind of conversation from day one with our potential clients. Its a hard reality but we want them to explore and know all options.
Best of luck. Mark can be reached at firstname.lastname@example.org and myself at email@example.com
I suggest emailing us any information on your property so we can get a better feel for your current home.
Every financial expert will tell you NOT to take out 401k for your down payment.
Even though you will be paying PMI it is still a better alternative. even though PMI is now tax deductible the compound interest that you may gain from the 401k will be greater, not to mention the penalty you may incur on your 401k.
Please call me to discuss your options. You may want to add a purchase contingency to the property you are currently selling. Your worst case scenario is that you will rent for a bit....so what.
Depending on your Credit Score and monthly income you may be able to buy something with 3.5%down and a sellers assist of up to 6%.
Call me so we can talk.
Best of Luck,
Realty Mark Cityscape
267 738 0886