Quote:
Originally Posted by Rusty914s
Did you offer reflect that you need to sale house a to buy house b?
If not, are you doing a bridge loan?
And then, did you have a pre qualified letter alongside with your offer?
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Actually, we had a qualified letter / pre-approved mortage letter. And we actually lifted our contingency of selling our house. No bridge loan - just a huge mortgage until we would have sold our home. Yes - our credit is that good that the bank is willing to lend us that much money. That said, the other offer was a cash offer, so that is slightly better since the bank doesn't need to valuate the house.
-Z-man.