How Jib Works With Your Mortgage
Keep Your Current Mortgage
Continue with your existing mortgage on your current home. No need to refinance or make any changes to your current loan.
Benefits
- Maintain your current mortgage rate
- No disruption to existing loan terms
- Avoid early repayment penalties
Use Jib for Your New Home
Get 100% financing from Jib to buy your new home without waiting to sell your current one. No monthly payments required.
Advantages
- Make strong, non-contingent offers
- Move on your timeline
- No double mortgage payments
Sell & Transfer Your Mortgage
Take your time to sell your current home for the best price, then use the proceeds to repay Jib and secure a new mortgage on your terms.
Results
- Maximize sale price of current home
- Shop for best mortgage rates
- Seamless transition between homes
Common Questions
Do I need to qualify for two mortgages?
No. With Jib, you keep your existing mortgage and don't need to qualify for a new one until after you sell your current home. This makes the transition much smoother and less stressful.
How does Jib affect my debt-to-income ratio?
Since Jib doesn't require monthly payments, it won't impact your debt-to-income ratio when you apply for your new mortgage after selling your current home.
What happens to my current mortgage?
Your current mortgage stays in place until you sell your home. Once sold, you'll use the proceeds to pay off your existing mortgage and Jib, then secure a new mortgage for your new home.
Can I still get a mortgage after using Jib?
Absolutely! In fact, using Jib can make the mortgage process easier by giving you time to shop for the best rates and terms after you're already in your new home.