[Harold_89_911]

I went though this about a year ago. Similar to what others suggested. Took a HELOC out on the old house and used that as the 20% down for the next plus other escrow costs. Then secured one of these fancy interest only loans with a 1.75% teaser rate for 3 months based on stated income to finance the remainder 80% of the new house. Then when the old house sold, it paid off my old loan, HELOC, and I used the rest to reduce my new loan. Then finally re-financed the new house into a more normal loan.

Worked with a good mortgage broker on this and could not have done it without him. Even got me the HELOC without early payment penalty.

Hope this helps, Good luck!