Key takeaways
- Tap equity for down payments while keeping your sale timeline flexible.
- Model carrying costs for overlapping mortgages.
- Repay quickly once your existing home sells.
Know the exact amount you need
Total your down payment, earnest money, and overlap expenses such as movers or temporary housing.
A dedicated equity draw for these costs keeps savings intact and offers stronger when you bid.
Plan for a longer overlap just in case
Keep six months of payments accessible in case the original property takes time to sell.
Evaluate temporary rental opportunities or short-term tenants if you want a backup income plan.
Exit the bridge quickly
As soon as your sale closes, decide whether to pay down the new mortgage or replenish reserves.
Document lessons learned to replicate the playbook for future moves.
Action plan
Outline your purchase budget, confirm reserve levels, and secure a cash-out quote before making offers.
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