Home > About Us > FAQs > FAQ 4 Frequently asked question #4 Do I need to sell my current home before I can purchase a new one? No, many lenders offer a swing loan which actually uses the equity in your current home to be applied toward the purchase price of your new home. The bank then requires you to list your current home with a licensed real estate agent. During construction you only pay interest on the amount of money the builder has drawn. Depending on how long you believe it will take to sell your current home, Bookout Builders will work with you to have your new home completed when you need it. |
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Bookout Builders - Muncie Indiana Home Builder |
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