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[quote=Anonymous][quote=Anonymous]There is no such thing as bridge financing anymore.  We got a loan based on paying both mortgages (i.e. the bank agreed we could afford both assuming our old house didn't sell).  To pay for the downpayment, we bored from a HOLC on the first house (get it BEFORE you put your house on the market or apply for a loan).  Then we supplemented that with 401K loans.

We closed on our old house one week after closing on the new houses.  We paid off the HELOC and the 401K loans.  We had also broken the mortgage fro our new house into 2 (a 1st for 417 -- the highest without a jumbo -- and a 2nd, which was actually a HELOC on the second house).  We paid off the second HELOC and we have only the primary loan remaining.

Yes, it's risky, but we knew we could make it work for several months if we had to.  We also ended up taking less than we might otherwise have to get our first house sold.  I was still a very fair price, though, so we're ok with that.  We got an amazing deal on an amazing house for our new house, so we couldn't be happier.  You had to understand (which we did) that it's not risk free and you have to have enough float in case you can't sell right away (our old house sold after 10 days on the market and we had a very long closing time on our new house).

It's complicated.  Good luck![/quote]

OP here.  I think we're in a similar place.  We have about $400k equity in the current house, which we'd like to roll entirely into a new one.  We also have about $1M in investments including retirement $, 529s, and stocks/funds, which obviously I'd rather not tap.  It seems like we should be able to borrow the $400k out of the current home since we do actually have the $.  I'd just like to keep it simple - it seems like borrowing against each of our 401(ks) (what are the rates on that, by the way, and do you have to liquidate your investments to do it?) is a complicated way to pull together $400k when we have the $$ in the market.[/quote]

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