I Want to Buy a New House
Do I Have to Get a Bridge Loan? You wake up one morning and realize you’re facing a similar situation as a lot of other people — your family has expanded, but your house has stayed the same size. Kind of like in Alice in Wonderland, when Alice eats the cookie in the White Rabbit’s house and grows until she’s bursting out of it. Time to move! But you have a problem: Without a ton of cash in the bank, you won’t have the funds to buy a new house until you sell your current one. There has to be a way out of this, right? There is. And you’re not alone — when financing a home purchase, 38% of...