Newsflash: Bridge loan?? Options all cash

Current home $650,000…own outrightNew home budget $800,000-$1,000,000 Current home will have absolutely no problem selling in a week or two and close 15 days …huge demand for homes here. ( We had to out bid 15 offers to buy it with in the first couple of days on the market, just a year ago.) Will pay cash for new home + sale of current home..How would a bridge loan work, what are the costs and fees points..total out of pocket costs?? It will be a quick payback, maybe 2 months or less.

Read more at https://www.reddit.com/r/RealEstate/comments/1dk03vr/bridge_loan_options_all_cash/?utm_source=ifttt

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