Buyer Bolster: Buy Before You Sell with Steadfast Mortgage

Steadfast Mortgage is empowering buyers with their new Buy Before You Sell program, allowing buyers to write an offer without a home sale contingency, move into the new home and then sell their current home without their current mortgage being counted against them in their debt to income ratio.

For example, if the value of your current house is $400,000 and the current mortgage balance is $200,000, the maximum value of the equity loan is $120,000, which you can use for a down payment on your new home or to make repairs to your existing home before you sell.

How does it work?

Steadfast inspects and analyses your current home to pre-approve both the purchase of your new home and the equity loan on your current home.
Your new loan provides cash that can be used for the down payment on your new home, to make improvements on your current home or to cover the mortgage payments on your current house.
Close on your new home and take your time moving and making upgrades.
Focus on improving and selling your old home within six months. Once you close on your new home, you will have six months to sell your old house, pay back the second mortgage and pay off previous loans. This means you can avoid the hassle of showing your current home while you still live there.

Steadfast Mortgage is a Nashville based full-service lender serving all of Tennessee with multiple loan programs for various buyer needs. A VILLAGE Trusted Service Provider, Steadfast offers an array of mortgage loan products, investment tools, educational support and top-knotch service. If you're interested in learning more, please reach out and we'll connect you with an advisor at Steadfast.

Our Trusted Advisors:

Continuum Planning Partners

For most of us, our homes are our most valuable asset. But they are just one part of our financial picture that needs to be coordinated with all the other parts. This month, we wanted to profile a past client whose business helps us--Pete and Amy--individually develop a comprehensive financial plan for our respective families.

No financial decision is independent; each has ripple effects that impact others. But life is busy, and it's easy to have uncoordinated pieces live in silos. Abby and Andy are the trusted professionals who help us navigate our financial questions comprehensively. They force us to take the time to set financial goals, write them down, and have a way to track our progress towards those goals. Through their process, we have found an incredible feeling of confidence in having a plan and building towards it. They determine what we need to do to help reach our goals, and break the plan into manageable pieces to help make progress towards meeting them. They then work alongside us to make sure we're effectively working toward our goals, both short term and long term.

Continuum Planning Partners offers individualized planning to help improve their client’s complex financial situations, and specializes in coordinating with their client's existing team of professionals to identify gaps and opportunities in those financial silos–so everything is pointed towards what the client wants to accomplish.

Many people avoid financial planning because they feel that they will either be sold a financial product they don’t need, or they would like advice in an area not covered by investments or insurance. Because Abby and Andy work on a consulting fee basis, we can feel confident that they are offering us objective advice to get us where we want to go.

954 Russell St. | 37206

SOLD | $990,000

1165 Bellshire Dr. | 37207

COMING SOON | $400,000

Pecan Row NOO STR | 37208

COMING SOON | $900,000

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2206 21st Ave S
Nashville, TN | 37212 US

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