Zillow Advice: Mortgage Types - what is the best way to buy a new home before the existing home sells? is renting it a possibility? http://www.zillow.com/advice-thread/what-is-the-best-way-to-buy-a-new-home-before-the-existing-home-sells-is-renting-it-a-possibility/210772/ Zillow Advice | Zillow Real Estate As long as you can qualify ... http://www.zillow.com/advice-thread/what-is-the-best-way-to-buy-a-new-home-before-the-existing-home-sells-is-renting-it-a-possibility/210772/ As long as you can qualify with both sets of <a href="http://www.zillow.com/mortgage/">mortgage</a> <a href="http://www.zillow.com/mortgage-glossary/Principal-Interest-Taxes-and-Insurance-%28PITI%29/">PITI</a> pymts, you can do whatever you like.&nbsp; Leave it empty or rent it out.&nbsp; To avoid the "buy and bail" phenomenon that began as a result of this crisis, <a href="http://www.zillow.com/directory/lenders/">lenders</a> are requiring you qualfiy w/ both sets of pymts unless you have at least 30% equity in the old home.&nbsp; "Buy and bail" is where a homeowner that is underwater on the existing home buys a new one before letting the old one go into foreclosure. Mon, 16 Mar 2009 02:51:00 GMT http://www.zillow.com/advice-thread/what-is-the-best-way-to-buy-a-new-home-before-the-existing-home-sells-is-renting-it-a-possibility/210772/ 2009-03-16T02:51:00Z