Obstacle 01 · A possible sequence
Buy now. Bring the equity over later.
This is a planning example, not a promise of approval. Confirm the loan’s recast rules and the temporary costs before choosing this path.
- Before the offerReview available cash, both homes’ costs, expected net sale proceeds and recast eligibility.
- Buy the next homeUse a smaller initial down payment if the verified numbers and selected loan allow it.
- Sell the current homePay its debts and selling costs. Decide how much of the remaining proceeds to apply.
- Apply principal and request a recastThe servicer follows its rules to re-amortize the remaining balance. A principal payment alone does not automatically lower the required payment.
Plan for the temporary payment.
The smaller post-sale payment is a future possibility. The larger mortgage and two-home costs have to work until then.