Buy the next home first. Sell this one on your terms.
Your equity, income, or assets can open a path to your next purchase, so you are not forced into a rushed sale, a short-term rental, or moving twice.
before your current home sells. For qualified borrowers, subject to underwriting.
More control over the time between homes.
Write a stronger offer
Compete for the next home without a home-sale contingency hanging over your offer.
Skip the double move
Avoid the short-term rental, the storage unit, and packing your life up twice.
List a vacant, staged home
Prepare and market your current home on a timeline you choose, without showings while you live there.
Put the equity you already built to work before the sale.
For many Michigan homeowners, the down payment for the next home is sitting in the current one. The Buy Before You Sell home equity program turns that value into down payment funds, so the purchase and the sale no longer have to happen on the same day.
May be advanced before the current home is sold, based on qualification and available equity, up to 80% loan-to-value.
With a documented agreement to bring the current home to market after the new purchase closes. Move once, then list it empty, clean, and ready to show.
The current mortgage, taxes, and insurance may be excluded when qualifying for the new purchase, subject to program guidelines.
Depending on final terms, payments on the transition loan may not be required for up to six months. When the home sells, the proceeds pay it down or off.
Carrying two homes for a period has a real cost. We model what happens if the sale takes longer than expected, before you commit.
Estimate your funds. Then find your starting point.
Start with a quick equity estimate, then answer four questions to see which strategy is worth discussing first. Nothing you enter is submitted or stored.
How much could your current home contribute?
This planning tool applies the program's 80% loan-to-value limit and $700,000 cap. Final figures depend on the appraisal and underwriting.
Educational estimate only. The calculator estimates a gross advance at 80% of the value you enter, capped at $700,000, before subtracting payoffs and costs. Actual proceeds depend on the appraisal, liens, costs, documentation, program rules, and underwriting.
This tool suggests a useful first conversation. It does not determine eligibility or approval.
Follow the strategy from one home to the next.
- Unlock equityA $520K Buy Before You Sell equity loan pays off the $220K mortgage and leaves $300K.
- Buy the next homeWrite a non-contingent offer with $300K available for the down payment.
- Move onceMove straight in. Transition loan payments may not be required for up to six months.
- List the old homeClean, empty, and staged. Showings happen on your schedule.
- Pay it offSale proceeds pay down or pay off the transition financing.
Illustration only; not a loan estimate, offer, or approval. Figures are rounded and exclude closing costs. Payment timing depends on final terms and qualification.
Your strongest resource may be equity, income, assets, or timing.
No single structure fits every buyer. Mike reviews the full picture, then points you to the route worth evaluating first.
Mike Hajjar
Home Loan Planners, powered by NEO Home Loans
West Bloomfield, Michigan
Strategy first. The loan comes second.
Bring Mike the home you want, the home you own, and the resources you have. He will map which buy-first structure is worth evaluating, what needs to be true for it to work, and what it could cost you if the sale runs long.
A mortgage is not a transaction. It is a financial strategy that should evolve with your life, and a move between homes is one of the biggest decisions in it.
"What does this decision give you today, and what might it take away tomorrow?"
Clear answers before a complicated move.
Every home and every borrower is different. These answers explain the framework, not your final terms.
What if my current home takes longer to sell?+
That is the most important question to answer before you buy. We plan for it up front: how long you can comfortably carry both homes, what your payments look like each month, and what a price adjustment would do to your payoff. If the numbers only work with a fast sale, we will tell you that.
Will I have to qualify with both housing payments?+
Not always. With the Buy Before You Sell equity loan, your current mortgage, taxes, and insurance may be excluded when qualifying for the new purchase, subject to program guidelines. Other paths, like dual qualification, do count both. Mike will show you how each option is calculated.
Can I really access up to $700,000 before I sell?+
For qualified borrowers with enough equity, yes. The advance is based on up to 80% of your home's appraised value, capped at $700,000, minus your current payoff. The calculator above runs that math. Your final amount depends on the appraisal, credit, documentation, and underwriting.
I'm self-employed. Does that rule me out?+
No. An asset qualifier route can use your liquid reserves instead of traditional income documentation, and bank statement or profit and loss programs can reflect real cash flow for business owners. It is one of the areas Mike works in most.
Does the option finder mean I'm approved?+
No. It gives you a starting point for a conversation. Approval, loan amount, terms, and payment timing are all subject to documentation, property review, and underwriting.