Quote:
Originally Posted by legion
I'm trying to stay away from a contingency in the beginning. Right now the term is almost toxic with local sellers.
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I assume you want a bridge loan in the amount of your down payment on the new house which for most folks is the equity from the sale of your old home. That was the situation in my case. If its not a huge amount and you have decent credit just borrow the money on a 90 day note with your personal bank to avoid tieing it into both properties.
Only problem is that it might affect qualifying for your new mortgage. Very fact dependent situation.