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Updated about 10 years ago on . Most recent reply

User Stats

70
Posts
32
Votes
Will Spruill
  • Seattle, WA
32
Votes |
70
Posts

Looking for financing advice

Will Spruill
  • Seattle, WA
Posted

I'm looking to purchase an excellent property in my area that just came up as my primary residence.  I've met with the seller and will do a by owner transaction.  My question is how to structure a loan on the new purchase while trying to sell my current primary residence.

I've heard of the old school bridge loans; what is the trend today?  Currently I have one primary residence loan and two investment property loans.  I have 800+ credit but the debt to income ratios will be over with the new purchase of around 400k.

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