Creative loan financing

[Haeden Schneider]

Hello,

My wife and I have been looking to find a larger home since our family is growing. We are very interested in keeping our current residence for a rental/investment property in addition to buying a new home. We spoke with our mortgage lender who said we could look into qualifying for both homes, and do a cash out refi on our current residence... but we would have to wait 6 months to buy another property. We are not looking to use any cash of our own. Instead pull the equity we have for the down payment on the new house. We live in CA ( I am not sure if this would change anything). Love to hear any creative ides on what to do.