We have some experience with this. We are on our 3rd home here. All 3 purchases went to closing before we could close on the previous homes being sold. LOL
All 3 went through Citizens First. The second one we did a 15 year mortgage, the other 2 were bridge loans. They all worked out well and went smoothly. We literally took the proceeds check from the sales over to the bank and paid off the loans on the new homes. I think we paid one month's (2 at most) payment/interest. At the time, we compared fees and costs with loan officer to see which was the best option. Now I read on this thread that bridge loans no longer exist? Our last one was 3 years ago, so I'm not sure what all your options are. Best of luck!
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Medicated Vet ... For your protection.
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