“Why do I need this program?”
Most people are unable to qualify for a new mortgage while their current home still has an open mortgage. Qualifying for a new loan on the next home with your current home’s mortgage on the loan application is tough! So, this requires people to have the loan attached to their current home completely paid off, through the current home’s sale, before a lender will issue a new mortgage for the next home.
But Stewardship One Move is different. Because of our lending track record and specialized contracts, we are able to ignore the mortgage payments on your current home to help you easily qualify for a new mortgage on your next home.
In addition, most people need money from the sale of their current home for the down payment on the next home. Very few people have the cash lying around to make the ideal down payment on the next home happen. This requires folks to sell their current home first so they can get the needed funds from the sales proceeds.
But Stewardship One Move is different. Because of our banking relationships and business capital, we are able to get you early access to your current home’s equity before you sell it. And you can use those funds for more than just a down payment. You can pay for upgrades to your next home before moving in, save for the future, pay off debt, and more!