Relocation and home sale question

[Benson_Wins]

OK, I just refinanced my home last week. I have been offered a transfer to Denver as of yesterday. I have cleaned my credit up and I am concerned what happens when I go to try and buy a new house in Denver after just finishing up the refinance process. One of the biggest concerns the bank had was a high number of inquiries, this was due to credit repair and re-fi processes.

Can anyone offer any insight on how this might work? I am desperate as I need to answer on transfer early next week. I don't want to lose my rear here and there just because I am being offered a promotion. Would it be unfair to expect the company to help get me out of the house I am in now? How long should they offer to pay rent in the new town? I have heard several different examples of relocation plans, I just want to get all I can from the company if I take the job.

Help!

 

[Ramathorn]

Congrats on the promotion. It may take you a while to sell the house in Austin (I presume you're in Austin). Why not rent in Denver and then but a new house there? You may hate Denver (unlikely) so I would recommend renting first.


I think you need to have a granular conversation with your boss regarding the details.

 

[chango]

As far as the number of inquiries on your credit --- a simple letter of explanation should satisfy the underwriter. They just want to make sure you don't have a bunch of new debt and in your case its easily explained... Congrats on the new job.