Updated almost 2 years ago on . Most recent reply
Residential Bridge Loan
My parents are purchasing a home in Indiana before they sell their home in Florida. The are looking $350-450k price range.
They are wanting to pay cash for the home in Indiana, but won't have the money to do that until they sell their home in Florida (30-90 days later).
Can anyone offer any suggestions? I'm not sure they financially would qualify for 2 mortgages at once using DTI ect. They have exceptional credit.