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

Bridge Loans in Utah 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. What is a residential bridge loan in Utah? A bridge loan can be your lifeline when you’re eager to secure your new home but are still awaiting the sale of your current one.

Equity 116
article thumbnail

Maximize Equity in Illinois: Bridge Loans Help You Buy Before You Sell

HomeLight

You can then make a strong offer on your next home with no home sale contingency. What is a residential bridge loan? A bridge loan is a financial tool designed to help you buy a new home while still owning your current one. Think of a residential bridge loan as a temporary financial lifeline.

Equity 111
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 Massachusetts: 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, in the realm of residential real estate, is your ticket to buying your next home without the agonizing wait for your current one to sell. What is a bridge loan?

Equity 111
article thumbnail

Unlock Your Home’s Equity in Pennsylvania: Bridge Loans Explained

HomeLight

You can then make a strong offer on your next home with no home sale contingency. What is a residential bridge loan? A bridge loan is essentially a financial tool designed to help you, the homeowner, when you’re caught in the common dilemma of needing to buy a new home before selling your existing one.

Equity 111
article thumbnail

Bridge Loans in Minnesota: Unlock Your Home Equity to Buy Before You Sell

HomeLight

You can then make a strong offer on your next home with no home sale contingency. What is a residential bridge loan? A bridge loan is essentially a short-term financial boost, designed to help you, the homeowner, navigate the period between buying a new home and selling your existing one.

Equity 115
article thumbnail

What is a Bridge Loan? A Creative Homebuying Solution

HomeLight

“There’s actually a lot of companies now that do this — and they’re growing by the day — that are willing to lend you the money knowing that you’re going to be selling your home and they’ll be able to get paid in full in a reasonably short amount of time,” Ruiz shares. Who provides bridge loans?

Loans 101
article thumbnail

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

HomeLight

They typically require that your existing home be listed on the market, and will offer this bridge loan for a maximum of six months to one full year. Depending on your unique situation, the lender on the new home might need to calculate your debt-to-income ratio (DTI). Who provides bridge loans in California?

Equity 104