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Common Questions and Answers for Move Up Buyers

 

Do I need to sell my current home before buying another one?

If your income can support both mortgages, no you won't need to have your old house sold.

 

Does Poli offer Jumbo Mortgages?

Yes, we offer jumbo mortgages as high as $3,000,000 in prime markets with lending limits as high as 75% loan to value, higher in some cases. Here you can learn more about our Jumbo Mortgage Programs.

 

Can I use equity in my current home to put down on my new home?

Yes, and to be sure this is handled properly please contact one of our mortgage professionals.

 

I am planning on building a home, do you do construction loans?

Yes we do offer construction loans, please contact one of our mortgage professionals for details.

 

I am looking at properties that need renovations, can you help us with a renovation loan?

Yes, we offer renovation programs and the requirements vary, contact a mortgage professional for details.

 

Can I rent my current home and buy a new one?

Yes, you can and if it is rented at the time of purchase, we can use a portion of the rental income to qualify.

 

More Resource Pages:

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