:((( What a bummer. Did they accept the offer? I know you know this, but God has the perfect house out there for you all! Go treat yourself to some chocolate.
There has been some news around the Detroit area about people having to keep 2 mortgages because their house won't sell, and they already bought another house....so think of it this way, you aren't in that boat:-) Its funny how many people keep advising us not to make an offer on another house until we get an offer on ours. As if we could afford two mortgages.
Denise, There is something called a bridge loan. I guess they roll six months of interest only payments into your mortgage (I *think* thats how it works) but if your house doesn't sell in six months your stuck with two mortages. Obviously we opted not to do that. I can say, I'm not interested in looking at houses anymore until we have an offer on ours. I don't want to go thru that again.
I don't blame you. Our Port Huron realtor mentioned that if we really liked a house we could make a contingent offer....I just dont' want to get my heart set on any house when we have only had one person look at our house so far. Good thinking on not going for the bridge loan. Chad's cousin had to have 2 mortgages for a few months.
8 Comments:
{{{hugs}}}
:(((
What a bummer.
Did they accept the offer?
I know you know this, but God has the perfect house out there for you all!
Go treat yourself to some chocolate.
I'm so sorry. But don't worry - another one will come along!
And meanwhile, go with the chocolate. :-)
I'm sorry to hear that Amie. :-( I hope an even better house awaits you.
Oh, sorry! I hope something better comes along soon.
There has been some news around the Detroit area about people having to keep 2 mortgages because their house won't sell, and they already bought another house....so think of it this way, you aren't in that boat:-) Its funny how many people keep advising us not to make an offer on another house until we get an offer on ours. As if we could afford two mortgages.
Denise,
There is something called a bridge loan. I guess they roll six months of interest only payments into your mortgage (I *think* thats how it works) but if your house doesn't sell in six months your stuck with two mortages. Obviously we opted not to do that. I can say, I'm not interested in looking at houses anymore until we have an offer on ours. I don't want to go thru that again.
I don't blame you. Our Port Huron realtor mentioned that if we really liked a house we could make a contingent offer....I just dont' want to get my heart set on any house when we have only had one person look at our house so far. Good thinking on not going for the bridge loan. Chad's cousin had to have 2 mortgages for a few months.
Post a Comment
<< Home