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Can You Afford to Buy a New Home and Rent Out Your Old One? By Brendon DeSimone on 25 Nov 2014. Know-How.. If you can afford to keep your home while purchasing another, do so.. and do some early research to determine if owning two homes is feasible for you.
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How to Buy a House While Owning a House – Budgeting Money – Sock Away Some Money. If you’re intent on buying a new house while you still own another home, be financially prepared to continue paying the mortgage on your old home while simultaneously paying mortgage on your new home as well.
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How To Handle Buying and Selling a Home at the Same Time – Buying a home is a huge endeavor. The paperwork, deadlines, and research can all be a little stressful. Couple it with selling a home at the same time, and it can turn into one big, overwhelming headache. Here are a few things to keep in mind when you’re buying and selling a home simultaneously.
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Purchasing another primary residence while still owning a primary residence. Asked by Jeff, Maryland Wed Sep 10, 2008. I have been pre-approved to buy another house; however, my current primary residence is still being renovated and is not yet on the market for sale.