Buying a house

[bobbee25]

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 ?

 

[Aerides]

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.

http://www.early-retirement.org/forums/f29/selling-your-home-before-you-have-a-new-one-96251.html

 

[rk911]

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