I’m thinking about selling my house and downsizing (sort of). I don’t have a mortgage but I also haven’t sold my current house. I just finished a conversation with a friend about how to buy a house if I haven’t sold the one I’m in. He mentioned securing a bridge loan that will help buy a new house before selling my existing one. Anyone ever do that? Any thing to be careful about?
The real estate market in LFK is crazy. Most houses are selling over asking price so that probably has a negative impact on me because if I sell it over asking price, I’ll probably have to turn around and pay more for a different house. So it goes.
Anyone out there in Slant-land have any experience with this kind of loan?
TIA
The real estate market in LFK is crazy. Most houses are selling over asking price so that probably has a negative impact on me because if I sell it over asking price, I’ll probably have to turn around and pay more for a different house. So it goes.
Anyone out there in Slant-land have any experience with this kind of loan?
TIA
