PigsDad
TUG Member
- Joined
- Nov 1, 2006
- Messages
- 10,082
- Reaction score
- 7,100
- Points
- 898
- Location
- Colorado and SW Florida
- Resorts Owned
- HGVC Elite: SeaWorld, Surf Club, Charter Club, Valdoro
I'm sorry, but I just have to ask: Did you ever consider a bridge loan so that you wouldn't have to deal with moving twice and leasing a place? It seems to me that the few months of interest on the bridge loan would be way less than the lease costs and the extra moving and storage costs, not to mention so much less stress.
When we built our current house, we went with the bridge loan and it worked our great. We ended up having a little over a month where we owned both homes, so we could move in on our schedule (it was a local move) and do a few things in the new house before we moved in (like epoxy paint the garage floor, put up window treatments, etc.). Since the bridge loan was interest-only, payments were less than any lease and we only paid for the overlap time (we were not stuck with a minimum # of months lease).
Just curious.
Kurt
When we built our current house, we went with the bridge loan and it worked our great. We ended up having a little over a month where we owned both homes, so we could move in on our schedule (it was a local move) and do a few things in the new house before we moved in (like epoxy paint the garage floor, put up window treatments, etc.). Since the bridge loan was interest-only, payments were less than any lease and we only paid for the overlap time (we were not stuck with a minimum # of months lease).
Just curious.
Kurt