Mortgage Bridge Loans
For most homebuyers, purchasing a new home also means selling their current home. Unfortunately, the sale of the old house doesn’t always coincide perfectly with the purchase of the new one. You might have found the home of your dreams and want to buy it before it’s too late, but your old house may not have sold yet. When this happens, mortgage bridge loans can help you span the gap. A mortgage bridge loan pays off your existing mortgage and then the excess money is used for a down payment on your new home. Thus, you don’t have to wait for your old home to sell in order to close on your new one. These loans can be very helpful when the sale and purchase of your homes don't coincide perfectly.
Multiple Offers from Certified Lenders
Our site is unique in three primary ways. First, we don’t give you just one quote on mortgage bridge loans; we give you up to five free quotes. Secondly, we don't have a vested interest in which mortgage lender you choose, therefore you can trust that our information is unbiased and accurate. Finally, we provide our referral services at no charge and with no obligation. Discover more on our about us page.