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Updated over 1 year ago on . Most recent reply

Justin Melton's profile image
Justin Melton's profile image
Justin Melton
  • Member since Jan 19, 2022
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Justin Melton's profile image
Justin Melton's profile image
Justin Melton
  • Member since Jan 19, 2022
Connect
Justin Melton
21
Votes |
51
Posts
Private Lending & Conventional Mortgage Advice

Residential Bridge Loan

Justin Melton
Posted

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.

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