: You replace your current mortgage with a larger one and receive the difference in a lump sum. This cash can then be used as a down payment for the new home.
: A short-term loan designed specifically to "bridge" the gap between buying a new home and selling your old one. It allows you to borrow up to 80% of your current home's value to cover the new down payment. Essential Timing & Wait Periods How Soon Can You Refinance a Mortgage? | 2026 refinance current home then buy new
Homeowners typically use one of two refinancing methods to secure funds for a new purchase: : You replace your current mortgage with a