” BRIDGING THE GAP “
Many home sellers are at odds about how to purchase their next home while selling their existing home without having to rent in between. A bridge loan loan is a short-term loan–Usually six to twelve months–during which the gap between loans is bridged. With a bridge loan you can avoid making a contingent offer on your next house, in which the purchase depends on the sale of the old house. A bridge loan allows you to transfer equity and other funds to your new loan without selling the old property first. The bridge loan is secured by the current home acting as collateral. You must obtain the bridge loan through the same lender that’s financing your new home purchase.
If your circumstances say now is the right time for you to buy a house, we would like to make it happen for you. We are here to take the apprehension out of buying the home of your dreams. We can help you navigate your way through bridge loans, the mortgage process, and other financial aspects of homeownership. From simple to complex, we’ll guide you through every step of the buying process. Let us help you unlock the door to your new home and start your new memories– call us for an appointment. “OUR SUCCESS HAS BEEN BUILT ONE SATISFIED CUSTOMER AT A TIME.”
