Delayed financing and no seasoning loan

[Sheena Varghese]

Hello,

I have about some equity in my primary residence.  I am in the process of moving into another property and was going to sell my current home and use the funds to purchase more properties.  I recently heard a podcast on BP regarding delayed financing through secondary market.  From what I understand, you can use the equity you have on a property to purchase another property.  Then there is no seasoning period to obtain a mortgage on the new property.  Did I understand this correctly?  Anyone has done this with success?  Would you recommend this route?  Thank you in advance!