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Bridge loan?? Options all cash

  • Thread starter Thread starter /u/Extension_Deal_5315
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/u/Extension_Deal_5315

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Current home $650,000...own outright New home budget $800,000-$1,000,000 Current home will have absolutely no problem selling in a week or two and close 15 days ...huge demand for homes here. ( We had to out bid 15 offers to buy it with in the first couple of days on the market, just a year ago.)

Will pay cash for new home + sale of current home..

How would a bridge loan work, what are the costs and fees points..total out of pocket costs?? It will be a quick payback, maybe 2 months or less.

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Bridge loan?? Options all cash
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