Transitioning from the home you own in another state and moving to Florida may be easier than you think! You have many options to arrange financing.
Bridge Loan - You can obtain a bridge loan from your local bank or credit union in you present home location. This will give you a down payment or cash to purchase your home in Florida.
Line of Credit - on the new home in Florida. The closing costs are minimal on these. Depending on the amount of cash you have available this option is also available. You can pay off the line of credit when you sell your home and still have access to the line of credit for 10 years.
First mortgage - on your new home. We can always do a first mortgage on the home in Florida and when you sell your home out of state, you will be able to re-cast the loan (rather than refinance it). The re-cast adjusts the loan amount as well as the payment and only costs $200 to initiate it.
We experienced with this process and make transitioning easy and efficient. Give me a call, text, or email and we can discuss all the options for your specific needs. You will have the soft white sand between your toes in no time!
Sherry Bitner, 941-504-1445 or Sherry@SherryBitner.com