Buying another home?
We currently own a home worth approximately $650 000 to $700 000. We paid cash about 4 years ago so no mortgage. We have no car payments or other debts.
We are single income making just about $75 000 after tax on a single income with CCB included. We are looking at potentially moving but would like to buy another home and moving prior to selling the one we currently live in. Looking in the $550 000 to $650 000 range.
Is there any hope of us getting a mortgage or HELOC for this to happen or do we need to just accept we will need to sell to buy either before or as a condition on the offer?