What if You Didn't Sell Home #1

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What happens to Home #1 when you're ready for Home #2?

Most people automatically think:

Buy Home #1 → Sell Home #1 → Buy Home #2

But depending on your circumstances, there could eventually be another option:

Buy Home #1 → Keep Home #1 as a Rental → Buy Home #2

That won't work for everyone, and it should never be a reason to stretch your budget today.

But your first home could potentially become more than the place you start.

Several years from now, you can evaluate the home's equity, potential rental income, mortgage, taxes, insurance, maintenance, vacancies and other expenses to determine whether keeping it makes financial sense.

Maybe you keep it.

Maybe you sell it and use the equity toward your next home.

The point is to understand that you may have options.

Your first home doesn't have to be your final destination.

Robert “Rob” Clark | Home Loan Consultant
Firestone Financial Group
209-227-7745
rbrtclark53@gmail.com
robertclarkloans.com

Robert Clark | NMLS #357788
Firestone Financial Group | NMLS #301522
CA DRE #01148307
Equal Housing Lender

All loans are subject to credit approval, underwriting guidelines and program requirements. Loan programs, terms and eligibility requirements are subject to change without notice. This information is for educational purposes only and is not intended as financial, tax, legal or investment advice. Consult the appropriate professional regarding your individual circumstances.