Chandler : Real Estate Advice

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Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
my home worth 250, 000 is paid for do i still need a bridge loan?????
No, you need a whole new mortgage on the new house you buy. Once you sell the old home you could pay off the new mortgage if you wanted to. Another option might be to get a home equity ... more
0 votes Share Flag Fri Jan 7, 2011 Home Selling in Chandler
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
I have a home worth about 250,000 and need to downsize is there a way i could get a loan for the new house before i sell the old one
That is called a Bridge Loan. Yes, it is possible but you will own two homes at the same time so you have to be able to qualify for it. Speak to a loan officer and ask about Bridge Loan ... more
0 votes Share Flag Tue Jan 18, 2011 Financing in Chandler
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