Remove Equity Remove Home sale contingency Remove Loans
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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. When, and if, contingent offers are accepted, they can result in paying as much as 11% more for the home relative to a cash offer.

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

HomeLight

However, there’s a solution that you may not have considered: a bridge loan. A bridge loan is a short-term financial tool designed to “bridge the gap,” enabling you to purchase a new home before you’ve sold your current residence. You can then make a strong offer on your next home with no home sale contingency.

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

HomeLight

But a potential solution to this buy-sell conundrum is a bridge loan. This short-term financing tool could be the very thing you need to bridge the gap, allowing you to purchase your new Denver home before you’ve sold your old one. You can then make a strong offer on your next home with no home sale contingency.

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

HomeLight

You might think your only choice is to sell your current home, find a temporary place to live, and search for your new house. But there’s an alternative you probably haven’t considered — a bridge loan. You can then make a strong offer on your next home with no home sale contingency.

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

HomeLight

But there’s another option that you probably haven’t considered: a bridge loan. A bridge loan is a short-term loan that “bridges the income gap” between selling your existing property and purchasing your next home. You can then make a strong offer on your next home with no home sale contingency.

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Bridge Loans in Washington, D.C.: How to Unlock Home Equity to Buy Before You Sell

HomeLight

It can be difficult to juggle the timing and financial details when you’re pressed to sell before you can invest in your new home. Enter the bridge loan – a short-term financing option. You can then make a strong offer on your next home with no home sale contingency.

Equity 111
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Bridge Loans in Idaho: How to Unlock Home Equity to Buy Before You Sell

HomeLight

For many Idaho homeowners, it might seem like the only path forward is to sell first, move into a temporary location, and then embark on the hunt for a new home. However, there’s a strategic solution that might just be the missing piece in this complex puzzle: a bridge loan. What is a bridge loan, in simple words?

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