Chalk Speak: Shopping for Your Subsequent House Earlier than You Promote
on Mar 10, 2026
“Actual Cash Questions. Skilled Solutions”
When:
March twenty fifth, 2026
3:00 pm Jap; 12:00 pm Pacific
~45 minutes & Q/A included
How: Zoom Assembly
Recorded and in a position to retrieve for one week
Price: Free to ongoing shoppers; $10 per session for friends
Shopping for Your Subsequent House Earlier than You Promote
Hosted by: Cynthia Flannigan, CFP®
Visitor commentator: Lee Chieng
Licensed Mortgage Advisor, Basic Mortgage Capital Corp
This Chalk Speak is designed for owners who’re making ready for an vital life transition: promoting a long-time household residence and buying a brand new residence for the following chapter of retirement. However timing could be tough. What occurs for those who discover the right downsized residence earlier than your present residence sells? Or if you wish to keep away from making your buy contingent on promoting first?
On this session, we’ll stroll by way of:
- What are the frequent obstacles homebuyers are going through once they determine to purchase earlier than they promote?
- What are the financing choices obtainable?
- Bridge mortgage
- Fairness line or fairness mortgage
- Pledged belongings
- The prices, timelines, and qualification necessities for every choice
- The benefits and potential dangers to contemplate
Lee Chieng is an achieved mortgage officer with a robust background within the mortgage business. With over 20 years of expertise, she has been aiding shoppers in reaching their homeownership goals since 2002. Lee possesses in depth information of each conventional and non-traditional residence mortgages, in addition to experience in government-backed loans similar to FHA and VA.
Along with her experience in conventional, typical, and authorities loans, Lee is well-versed in catering to the distinctive wants of buyers and people with non-traditional earnings sources. She understands that not all debtors match the usual standards and is proud to supply Non-QM mortgage packages tailor-made particularly for these conditions. Lee is dedicated to offering choices and options to shoppers who could have confronted monetary challenges up to now or have unconventional monetary profiles.
Moreover, Lee is extremely educated within the complexities of reverse mortgages. She understands that owners of their golden years could have completely different monetary wants and may profit from a reverse mortgage. Lee’s reverse mortgage program is designed to offer monetary flexibility and stability for seniors aged 62 and older. Whether or not her shoppers want to complement their retirement earnings, cowl healthcare bills, or just get pleasure from their retirement years to the fullest, she presents tailor-made options to satisfy their particular wants. Lee takes the time to coach her shoppers concerning the execs and cons of reverse mortgages, making certain they’ve a complete understanding of this specialised monetary product.
All through her profession, Lee has helped quite a few shoppers with various backgrounds and distinctive circumstances obtain their homeownership objectives. She believes in constructing belief and lasting relationships along with her shoppers, at all times placing their finest pursuits first. Lee’s dedication to offering distinctive service implies that she goes the additional mile to coach her shoppers concerning the numerous choices obtainable to them. Her aim is to empower her shoppers to make knowledgeable selections that align with their monetary goals.
You could contact Lee at 415-569-2119 or by e-mail at lchieng@gmccloan.com to study extra!
