Going To Need A Bigger House?
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- Changing Homes & Vacation Home
Changing Homes & Vacation Homes
Whether you need some extra room for a growing family or you're keen to down-size as the nest empties, when the time comes to sell the old and buy the new, we're here to help. With years of qualified experience in the local, Dane County real estate market, the ins and outs come naturally to our dedicated mortgage team.
Selling Your Existing Home
First and foremost, you need to know what your current home is worth. This will enable you to determine just how much money you will net from the sale of your house after your current mortgage and associated fees are paid.
A valuation or assessment by a qualified real estate agent is a good place to start. They will be able to advise you on the market value of the current home using comparisons of recent property sales - or comps - in your area.
Determine Your Budget
You’ll need to decide how much you can afford to spend on your new home. This will depend on the amount of money you have determined you will have left over from the sale of your old home – plus any dedicated home purchase savings you have and what you expect your new mortgage loan to be. Our mortgage calculators are a great place to start when it comes to working out how much you’ll need to save.
Buying A Vacation Home
Looking to finance a vacation home or a weekend retreat to help you get away from it all? Lake Ridge Bank can help make your dreams of a second home a reality. While the financing process for a second home is a little different than for a primary home, our knowledgeable loan experts will guide you through the entire process – quickly and easily. To get started, contact one of our loan experts today.