I know the housing market is bad. Houses in my area aren’t selling. Prices are going lower. I’ve found my perfect home and I want to buy it. I think I should be able to just pay interest only on both homes for a while till the market gets better or if I’m lucky my old house sells. Any better way to do this? I want the new house sooner than later etc. I’ll also have to pay pmi unless I can pull lots of money out of thin air.
I plan on waiting as long as possible and of course try darn hard to sell my current property. I’ve been looking for houses for a year now and this is the first one I’ve found that I like, house and location, schools etc. it’s perfect, I gave up looking a month ago cause I hadn’t found anything even remotely close.