Tag Archive for: bridge loans

The Best Alternative to Bridge Loans

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Traditional bridge loans solve a real problem, but they come with 10% to 11% interest rates, steep origination fees, and the stress of carrying two mortgage payments at once. If you want to buy before you sell, there are better options available today that cost significantly less and take a lot of the pressure off. Here is a breakdown of the best bridge loan alternatives, starting with the one we recommend most often.Read More

Cross-Collateralized Loans; More 6% Mortgages Than 3%; Rates 1% Lower Than Last Year; Loans For Canadians

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A Cross-Collateralized Mortgage Is One That Is Collateralized By More Than One Property Fannie Mae, Freddie Mac, FHA, and competitive jumbo lenders do not allow it, as it fosters foreclosure, payoff, and secondary-market issues. Non-QM and bridge loan (buy-before-sell) lenders do, however, allow for cross-collateralization – and it is proving to be a very valuable tool!Read More

Buy Before You Sell – What Happens If Your Old House Does Not Sell?

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Our buy-before-sell niche has turned into a huge boon for our business – primarily because we offer so many options. I mention this from time to time because it surprised me so much; I did not anticipate this much demand. One of the things borrowers are more concerned about as of late though is this – what happens if their old home does not sell? As a quick review, buyers often want to buy a new home before selling their current home – so they do not risk ending up homeless and forced to put everything in storage and/or so they don’t have to make much less appealing offers that are contingent on the sale of their current home.Read More

Bridge Loans Got Way Cheaper! Bridge Loan Scenarios

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I wrote a popular blog on Monday about bridge loans - Bridge Loan & Buy-Before-You-Sell Options – and am following up today to provide some additional color, and to announce that our most popular option, “EasyPath,” just dropped in price significantly!Read More

Bridge Loan & Buy-Before-You-Sell Options

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Thank God for bridge loans! I say that because these loans have become a huge source of our business, given the expertise and reputation we’ve cultivated in the realm over the last few years.Read More

Bridge Loans Just Got Way Better; Rates Plummet Too

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This is what’s fascinating. Rates fell sharply today while stock prices shot higher, and gold prices tanked – something we rarely see all at once. The reasons are many, including […]Read More

How To Buy A House Before You Sell

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Buying a new home without going through the hassle (and risk of homelessness) of selling an existing home is something that most sellers desperately want to do.Read More

Understanding Bridge Loans: Your Guide To Buying Before Selling

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Are you wondering how to buy another house before selling yours? When the housing market is bustling and you're ready to move, the timing might not always align. Selling your existing home before you secure a new one can be tricky. This is where understanding the ins and outs of bridge loans becomes vital for a smooth transition. Navigating the real estate market can be challenging, especially when you're looking to purchase a new home before selling your current one. In fast-paced housing markets, aligning the sale of your existing home with the acquisition of a new one requires strategic planning. This is where a solid grasp of bridge loans becomes crucial for a seamless transition. Bridge loans offer short-term financing to "bridge" the gap between buying a new property and selling your current home. They come with higher interest rates and require collateral, usually your existing home. For those needing quick access to funds, bridge loans present a tactical option to expedite your move.Read More

How to Buy and Sell Homes Simultaneously

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Having to buy and sell homes simultaneously can seem like a daunting task, but with the right approach and guidance, it can be done.Read More

Bridge Loans Explained (Buying Before Selling Current House)

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We often have buyers come to us who want to buy a new residence before selling their current residence. If they do not have enough cash for a down payment, […]Read More

Private Money In Lieu of Non-QM/Bridge Loans; JVM/Mortgage Bank – Here to Stay; Eating EMDs

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PRIVATE MONEY = TEMPORARY SOLUTION Both agents and buyers are reaching out to us to save transactions that have blown up elsewhere b/c both bridge loan and non-QM financing has […]Read More

Bridge Loans Overrated? Why We Like Equity Lines

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We are asked constantly about “bridge loans,” or temporary loans (usually 2nd mortgages) that sellers take out prior to selling. Bridge loans can be used for necessary repairs or for […]Read More

Bridge Loans; Buying Before Selling – Best Financing Option

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BUYING BEFORE SELLING Sellers often want to buy a new home before selling their current residence for a variety of reasons. They might want more time to move, more time […]Read More

Home Equity Line: The Best Bridge Loan Option

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Home Equity Lines of Credit offer a better alternative to traditional bridge loans—providing more cash at a lower cost, with fewer hassles. Just be sure to secure the line before listing your home. Read More