Originally Posted by mitchjav
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.
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.