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Is a Bridge Loan the smart way to go with when buying selling a home? What other options are there?

mary mcd - 2006-08-16 17:21:54 - Renting Real Estate

Best Answer:

It depends upon the situation. How much of a down do you need with the new property? It can be better to do 100 percent financing on that and then sell the old property without a bridge loan. It can also be the only way you can get the new property. Read this article for more: http://www.searchlightcrusade.net/posts/1136269476.shtml

Answers:

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No, because when the lack of sale throws the timing off you're in trouble. If you can't pay for it, you can't afford to buy it. Phone Dave's radio show, below:

It depends upon the situation. How much of a down do you need with the new property? It can be better to do 100 percent financing on that and then sell the old property without a bridge loan. It can also be the only way you can get the new property. Read this article for more: http://www.searchlightcrusade.net/posts/1136269476.shtml