Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 4 years ago on . Most recent reply
Cross Collateral Loan Sniff Test
Situation: wanting to sell my primary house valued at $600,000 ($290k balance) for this $750,000 house that meets our specifications perfectly. The market is hot here in my area (Greater Seattle) and contingent offer I don't believe will get it.
My broker proposed a cross collateral loan and provided the following handwritten quick estimate (attached). Do these numbers pass your sniff test? Seems to good to be true.
