if we have a mortgage (in good standing),and we need to prequalify for a new one, but our budget doesn`t allow for 2, how can we prequalify?

Asked by Boss Lady, Trotwood, OH Sat Jan 19, 2013

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Grace Siefer, Agent, CENTERVILLE, OH
Sat Jan 19, 2013
You can get qualified for a loan, however, you will need to let your lender know that you will need to sell your house before you purchase one. You should first put your home on the market for sale, once you get an offer on your current home, then you start shopping for your new home.

If you need to put your home on the market and you need a listing agent. Please call me.
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Doug Wagner, Agent, Beavercreek, OH
Sat Jan 19, 2013
Speak with a loan representative at any credible institution. Getting a pre-qualification or pre-approval letter contingent on you selling the current property is standard.
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