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Real Estate
Reply to "Need to downsize but can't get mortgage.....should I look into a hard money loan?"
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[quote=avalonrose]We don't want to rent and have to move twice. We're still young and have kids...we want a yard, etc. We owe nothing on our current home...it's all paid off, so I would rather put that money into buying a house. I realize I maybe didn't explain the situation clearly. We are finding ourselves unable to buy a house without selling the one we own first, and we can't get a bridge loan because of our income situation. We're trying to find some kind of loan that is based on our home's equity and not our income. Anyone done anything like that before?[/quote]
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