treysdaddy: How does selling a house on a land contract affect your ability to buy another house?
I’ve been trying to sell my house for 6 months with very little success. I was recently approached by someone about the possibility of purchasing my house via a land contract. How would that affect my ability to purchase a new home? Would I even be able to secure another mortgage considering I would essentially still have the mortgage on the current house?
Answers and Views:
Answer by Beverly S
You would have to qualify with both payments & most people don’t.
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