Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Buying a house
Old 03-05-2019, 06:09 PM   #1
Recycles dryer sheets
Join Date: Apr 2004
Posts: 130
Buying a house

Want to buy a house and pay for it primarily from the sale of my existing home. But I don't want to sell the existing until we find a new one.

Plenty of money in IRAs, but don't want to cash them.

What type of short term financing should we be looking for ?
Other options ?
bobbee25 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-05-2019, 06:13 PM   #2
Aerides's Avatar
Join Date: Nov 2015
Posts: 13,381
I had a thread on a similar topic on this before. Options might include an Heloc, or a bridge loan. Or a straight up mortgage that you then pay quickly, and realize there will be sunk closing costs.
Aerides is offline   Reply With Quote
Old 03-05-2019, 11:21 PM   #3
Thinks s/he gets paid by the post
rk911's Avatar
Join Date: Dec 2018
Location: DuPage County IL
Posts: 2,453
conditional offer to purchase new house based on sale/closing of your current home + a pre-qualified bridge loan covering the down payment, closng costs, etc
rk911 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Buying begets buying: how stuff has consumed the average American's life candrew Other topics 33 10-26-2015 08:39 PM
Cost of Selling/Buying a House TromboneAl FIRE and Money 12 04-07-2008 01:34 PM
Buying a house for its resale potential W2R Other topics 16 10-29-2007 01:02 PM
Buying parent's house Chonder Other topics 18 09-26-2007 02:37 PM
I'm buying a house, do I pay cash? ready to go Hi, I am... 35 01-06-2006 06:24 PM

» Quick Links

All times are GMT -6. The time now is 07:40 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.