Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 07-02-2020, 08:20 AM   #21
Recycles dryer sheets
 
Join Date: Jun 2017
Location: Punta del Este
Posts: 310
Quote:
Originally Posted by mitchjav View Post
Assuming that you want to buy a new home before selling your existing home
and don't want to take out a mortgage against the new home, how best to finance it. There's not enough cash available to do this and don't want to sell assets due to tax and other considerations. Is there some sort of bridge loan that one can get without getting a mortgage? Or is there a way to use a HELOC for this purchase? Talking about an overlap of about a month until the old home is sold.

Thanks, Mitch
Assuming you have an investment account with your retirement accounts? Your broker should be able to lend you money on the short term at very low rates with minimal fuss. What I did to avoid selling assets and b able to make an all cash offer for a better deal. Then after purchase took out a mortgage and paid off the bridge-loan.
Retired Expat 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 Early-Retirement.org 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!

Reply


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
Financing 2nd Home with 401K doneat54 FIRE and Money 88 12-30-2020 06:39 PM
Followup: Purchasing and financing a second home in retirement.. JP.mpls Life after FIRE 15 03-08-2020 12:41 PM
Selling house with seller financing in nursing home Yachi Other topics 7 04-17-2017 05:19 PM
Ways of financing a second home (Snowbirding) JP.mpls FIRE and Money 43 01-05-2017 07:42 PM
New Home Purchase, Cash or Mortgage, Advice Needed! torres9 Other topics 3 10-05-2011 08:06 PM

» Quick Links

 
All times are GMT -6. The time now is 09:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.