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Real Estate
Reply to "How to buy a house without a contingency of selling our current home"
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[quote=Anonymous]We took out a 401k loan, and repaid it within a month. Cheapest, quickest and easiest way to borrow money if you are reasonably sure it will only be for a short term. We bought our new home first, with a longer close date (that the sellers requested, but it worked really well for us too because we still needed to list and sell our existing home). We sold within 2 weeks of listing, and closed both transactions on the same day (so technically we didn't even really need to use the 401k money, but of course we did not know that at the time we made our offer. The peace of mind was worth the $150 or so transaction fee). [/quote]
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