HomeLight

APRIL 10, 2025

Timing the sale and purchase just right especially in a competitive market like Phoenix often adds extra pressure. It uses the equity youve built in your existing home to give you quick access to cash for a down payment or to cover closing costs on your next purchase.

Equity 52

Equity Loans Home sale contingency Debt-to-income ratio 52

HomeLight

APRIL 9, 2025

It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Bridge loans tend to cost more than traditional mortgages, but they are designed to be fast and flexible, helping you move forward without as much financial stress.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

Marco Santarelli

APRIL 4, 2025

Economic Influence : The recent tariff announcement has intensified market uncertainty, causing a decline in mortgage rates but leading to inflation concerns. Market Forecasts : Market experts are divided; some predict continued low rates while others caution about potential rises due to inflationary pressure.

Mortgages 72

Mortgages Debt-to-income ratio Purchase and sale agreement Loans 72

Realtor.com

FEBRUARY 11, 2021

They can also tell you how much of a mortgage you qualify for, which is determined in part by your debt-to-income ratio. Can you afford the closing costs? But beware: If you want to buy, there are more upfront costs involved. Remember, there is a cost to buy and sell a home,” Ross says.

Closing costs 145

Closing costs Debt-to-income ratio Inspection Closing 145

HomeLight

APRIL 18, 2025

With a bridge loan, you can use those funds to cover your down payment, moving costs, or closing expenseswithout rushing to sell first. This can be especially helpful in a fast-moving market like New York City, where timing is everything. Your lender will also evaluate your debt-to-income ratio , or DTI.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

HomeLight

APRIL 10, 2025

With a bridge loan, you can tap into your homes value to cover a down payment, closing costs, or other expenses tied to your new home. In this case, you would use the equity from your existing home to help cover your down payment and closing costs on the new property.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

Marco Santarelli

DECEMBER 21, 2024

As someone who's gone through the mortgage process a few times and kept a close watch on the market, I can tell you it's rarely a simple yes or no. Why Timing the Market is a Losing Game (Most of the Time) I know the idea of waiting for the lowest possible rate is tempting. Can you afford the closing costs?

Debt-to-income ratio 52

Debt-to-income ratio Mortgages Loans Equity 52

HomeLight

JULY 7, 2022

Not to mention, you’ll also need to put some of those savings toward the home inspection , appraisal , and closing costs. The minimum down payment for an FHA loan is 3.5% , and 3% for certain conventional loans , so it isn’t necessary to devote most of your savings to your down payment and closing costs.

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122

Realty Biz

APRIL 8, 2022

Closing Costs. You will also need to bear the closing costs to initiate and complete the loan buying process. These costs can significantly add up to your total costs. In such scenarios, you will not be able to avail these costs as a tax deduction. Debt to Income Ratio (DTI).

Debt-to-income ratio 89

Debt-to-income ratio Loans Mortgages Closing costs 89

HomeLight

DECEMBER 5, 2023

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. That’s where a bridge loan in Connecticut can be your saving grace.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

JUNE 22, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Marco Santarelli

FEBRUARY 26, 2025

It really depends on your original rate, how long you plan to stay in your home, and if the closing costs of refinancing make sense for your situation. That's why the advice from many in the know is to be ready to act if you're in the market to buy or refinance. Think about it the housing market is a complex beast.

Mortgages 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

HomeLight

MAY 26, 2021

She says that through combining state programs and with the seller paying closing costs, she had one buyer who “only had to bring $3,500 to the table.”. For most borrowers, you’ll need money for the down payment and closing costs. You will pay a funding fee and closing costs.

Debt-to-income ratio 111

Debt-to-income ratio Closing costs VA loan Loans 111

Realtor.com

FEBRUARY 2, 2022

And older boomers (aged 66 to 74) scooped up an additional 14% of the market during the same period, according to a recent report from the National Association of Realtors®. You need to make sure the person you’re working with is aware of local transfer taxes and closing costs.” Watch your debt-to-income ratio.

Debt-to-income ratio 100

Debt-to-income ratio Mortgages Fixed-rate mortgage Lending 100

HomeLight

OCTOBER 25, 2023

Find a Top Agent With Experience in Bridge Loans Partner with a top agent who knows your local market and has experience with bridge loan programs. A frequent scenario arises in the Arizona real estate market: a homeowner finds their next dream property but hasn’t yet sold their current one.

Equity 111

Equity Loans Debt-to-income ratio Closing costs 111

Realty Biz

DECEMBER 8, 2022

Your debt-to-income ratio is an important consideration when lenders look at your finances. DTI is all of your debts divided by your gross income each month. Typically lenders won't accept a DTI ratio over 45%, but it is better to reduce your ratio to around 36%.

Loans 134

Loans Debt-to-income ratio Due diligence Title search 134

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. By tapping into the equity of your unsold home, you can secure the funds needed for the down payment and closing costs of your new abode.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. It uses the equity from your previous home to cover the down payment and closing costs for your new home, acting as a financial bridge between the two transactions.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 30, 2023

Navigating the real estate market in Nevada can be a challenging journey, especially when you’re trying to sell your old home and buy a new one simultaneously. This balancing act of timing and funds becomes even more daunting in a market where inventory is low and prices are high.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. It allows you to tap into your existing home’s equity, providing funds for the down payment and closing costs on your new Miami residence.

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116

HomeLight

AUGUST 31, 2020

For example, “In my area, the Kentucky Housing Corporation offers several programs, like down payment and closing cost assistance,” says agent Gary Wantland of Bowling Green, Kentucky. Wantland wants buyers to know: “there are some programs, like the USDA loan , that allow you to tie closing costs into the loan.”

Debt-to-income ratio 93

Debt-to-income ratio FHA loan Pre-qualification VA loan 93

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. One important factor that lenders will factor in is your debt-to-income ratio (DTI).

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. A bridge loan lets you leverage the equity in your current home to provide the necessary cash for a down payment and to handle closing costs for your new house.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. A bridge loan is a short-term loan that uses the equity you’ve built up in your existing home, providing you with the funds needed for the down payment and closing costs on your new property.

Equity 119

Equity Loans Debt-to-income ratio Home sale contingency 119

HomeLight

DECEMBER 14, 2023

This can be a vital tool in a market like San Francisco, where every minute counts. This loan provides you with the cash needed for a down payment and to cover the closing costs of your new home. Using your existing home’s equity, a bridge loan covers your new property’s down payment and closing costs.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

MARCH 9, 2023

You’ll want to reach out to several different lenders, and that’s where it’s beneficial to have a Realtor® that is super knowledgeable about what programs are out there,” explains Amber Carlton , a Fargo, North Dakota agent who works with 71% more single-family homes than the average agent in her market.

Loans 96

Loans Debt-to-income ratio VA loan FHA loan 96

Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold. Soaring mortgage rates in 2024?

Debt-to-income ratio 96

Debt-to-income ratio Mortgages FHA loan VA loan 96

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. This provides you with the necessary funds to make a down payment and handle closing costs on your next home purchase in Pennsylvania.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. Lenders will first consider your debt-to-income ratio (DTI).

Equity 111

Equity Loans Home sale contingency Debt-to-income ratio 111

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. Think of it as a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 29, 2023

This balancing act becomes even more challenging in a market with low inventory and high prices. By leveraging the equity in your existing home, a bridge loan provides the necessary funds for a down payment and covers closing costs on your new property. An important factor in this process is your debt-to-income ratio (DTI).

Equity 110

Equity Loans Debt-to-income ratio Home sale contingency 110

HomeLight

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. Essentially, this loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs for your new property in Missouri. But what if there was a smoother solution?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 4, 2023

In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 7, 2023

This can be even more difficult in a market where inventory is scarce and home prices are rising. A bridge loan, sometimes referred to as a swing or bridging loan, is a short-term loan that leverages the equity in your current home, providing you with the funds needed for a down payment and closing costs on your new dream home.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Many first-time home buyers have low credit scores and need help with high debt-to-income ratios. Consider your monthly income, expenses, and debt-to-income ratio when setting a budget for your new home.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JUNE 21, 2023

“A lot of times, these are first-time homebuyers who are wanting to purchase a home, but the extra $6,000 to $8,000 in closing costs can be the difference between them being able to really qualify for the home,” says Jon Baird , an agent based in Chico, California, who specializes in single-family homes. Learn More 4. Learn more here.)

Loans 98

Loans Debt-to-income ratio FHA loan Closing costs 98