Bridge Loans

You know when you’ve grown out of your current house and are ready to make the jump to a bigger one. In looking for a new home, you’ve discovered how crazy the market can be. Many people feel stuck in this predicament, not knowing how to correctly go about selling their current house at the same time they buy a new one.

When preparing an offer to buy a home, you can include an addendum called “contingency for sale of other property by buyer.” The problem is some sellers don’t have to take your contract and might pick another contract over yours because you can’t close the sale now. The answer to this challenge could be a bridge loan. A bridge loan is a financing plan that enables you to purchase the new home before your current home is sold. Depending on your situation, bridge loans can be customized to meet your short term or long term financial needs.

The quickest way to find out what type of bridge loan you qualify for is to complete our online application and email me (rick@rickeiseland.com) with your basic goals and concerns.

• Why should I choose Rick Eiseland to handle my mortgage?
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• Need extra money for home improvements or remodeling?
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• Interested in high-rise living?
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• Curious if a bridge loan is right for you?
  . . . or maybe you need a home equity loan for quick cash.
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• Asking questions is the most effective way of knowing you're getting the best deal from your mortgage lender. Email us your questions today. We promise a quick response.
  Contact Rick.