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290: Finance FAQs: Renting vs. Buying, How to Pay Off Debt, & Creative Real Estate Closings

BiggerPockets Money Podcast

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What Should I Be Asking My Lender?

If you're thinking about moving, start gathering information now. In colorado, iscalled a post closing occupancy agreement or a rent back from your buyers. If the buyer is buying it as heir primary residence, they have 60 days to move in pur the terms of their mortgage. You want to make sure that you have found your new home and have moved out within 60 days. And that can put some pressure on you in this market. So again, there's just a lot of things to consider. What you want to avoid most of all is making a rash decision. Ask them what am i not asking? Or what should i be asking, or what information should i know about this programme

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