Bridge Loans

Buying non-contingent and have a house to sell?

A bridge loan in it's simplest form is a loan that allows you to take a percentage of the value of your existing home and apply it as a down payment toward the new home and only have one payment to make on the new home. 

There are variations of this loan and the qualifying requirements vary as well.  The costs and rates very between the varieties as well. 

These loans are somewhat complex and require extra steps beyond a traditional loan, however if you find yourself in the situation where you need to buy a home and have yet to sell one, a bridge loan may be for you.

Contact me today to discuss your scenario and I may be able to shed some light on the direction you should take.