Secure Your Dream Home: Buy Before You Sell with Confidence
Expert Guidance and Tailored Mortgage Solutions for Every Homebuyer
Buy Before You Sell
Stage 1 - Getting approved
- Your loan officer submits your current home for the program.
- Reviews your property, and determines your Equity Unlock* amount.
- You get approved to use the program.
- You sign the Buy Before You Sell agreement.
Stage 2 - House hunting
- Buy your new home by leveraging your unlocked home equity as a down payment.
- Once your offer is accepted, your agent will open escrow.
Stage 3 - Closing on your new home
- Schedules a home inspection on your departing residence.
- Processes your Equity Unlock loan.
- Sends you and your listing agent a backup contract to sign for your old home.
- We and your loan officer arrange for the Equity Unlock loan signing.
- Your loan officer issues a clear to close on your new mortgage.
Stage 4 - Selling your former home
- Your agent lists your departing home on the MLS and shows it to prospective buyers.
- An offer is made and accepted, and your agent opens escrow.
- The buyer of your home prepares for closing, and works with the escrow company for the Equity Unlock loan payoff.
- Your departing home closes, and the escrow company disburses your proceeds from the sale.
Stafford Home Mortgages & Financial Services offers home-buying consultation across Andrews, Big Spring, Midland, Odessa, and the surrounding areas.