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Money and Finances
Reply to "Moving to a new house when we already own a house "
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[quote=Anonymous][quote=Anonymous]Hi, Thanks for the responses. I'm worried that an offer with contingencies would be laughed at but maybe not? I don't have enough for the dp and get conflicting information on bridge loans. We have three children, so the idea of moving into a rental and then in another house is overwhelming. I'd have to be a lot more unhappy living in the th before I did that. I'm also concerned that the bank wouldn't approve us for financing for the second note while we are holding the first note. Hhi of 150k. Current note is 350 with mortgage payments of 2200/month. DH is optimistic that the will sell for more but I'm not so sure as it's smaller (1700 sq ft) and no garage. Thank you! [/quote] Unless you are in South Arlington or are in a two bedroom, 2 bath, I'd think that the townhouse must be worth closer to at least $700k. [/quote]
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