Bridge Loans: Explained

Have you ever been casually looking at real estate in your town and found the perfect home? Well using a bridge loan can get your into your dream house before you've sold your current home! Let's talk about how it works and if it's a good option for you!

[glennkoenig]

Do bridge loans apply if selling home in one state and moving to another? Also, would employment have to be obtained in the new state to qualify? We want to move from NJ to FL. 2-family House worth ~700k, owe 340k, no money in bank (why we need to move/downsize). Can't seem to figure out how to do this. If we obtained a HELOC to get cash for moving/downpayment on 2nd house, I still come up with the employment requirement in the new state. Any suggestions on how to handle these logistics? We don't plan on moving for at least a year and are trying to do repairs and some improvements in the meantime, while keeping our credit scores up.

[Schulmanlifts]

Why the hell are there only ten likes, thank you my man🤙