Remove Closing Remove Debt-to-income ratio Remove Home sale contingency
article thumbnail

Bridge Loans in Phoenix: How to Unlock Home Equity to Buy Before You Sell

HomeLight

You can then make a strong offer on your next home with no home sale contingency. A bridge loan is a short-term loan that helps you buy a new home while youre still in the process of selling your current one. You can make a non-contingent offer : Sellers often prefer buyers without home sale contingencies.

Equity 52
article thumbnail

Bridge Loans in Las Vegas: Unlock Your Equity to Buy Before You Sell

HomeLight

You can then make a strong offer on your next home with no home sale contingency. A bridge loan in real estate is a short-term loan that helps you buy a new home while youre in the process of selling your current one. Your lender may calculate your debt-to-income ratio to decide if you qualify.

Equity 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bridge Loans in Charleston: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. When reviewing your application, the lender may need to calculate your debt-to-income ratio.

Equity 52
article thumbnail

Bridge Loans in Connecticut: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 111
article thumbnail

Can You Put an Offer on a House That’s Contingent?

RIS Media

Something can come up (such as an unanswered financial obligation or a significant purchase before the closing that changes the debt-to-income ratio) and put a home back. . Real Estate appraisals are usually completed when homes are bought via mortgage loans. Placing a purchase offer on a contingent home.

article thumbnail

Bridge Loans in Atlanta: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Selling your Atlanta home while looking to purchase a new one can be tricky. 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. An important aspect of this arrangement is your debt-to-income ratio (DTI).

Equity 111
article thumbnail

Hard Money Lenders Orange County: Fast Financing Solutions

HomeLight

Start Making Offers Without Waiting to Sell Your Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. How does a hard money loan work?