If purchasing your new home also involves selling your existing home, there's no need to miss out on buying that new dream home just because your current residence is not sold. You don’t need to make two house payments — we’ll help you get there with a Bridge Loan.
Bridge loans (also called swing loans or gap financing) are short-term, temporary loans that secure a purchase until longer term financing is arranged. The loan is secured to your existing home and will provide you with the necessary funds to finance your new home, with the intention that it will be repaid with the proceeds from the sale of your existing home.
- Ability to purchase your new home today.
- No contingency clause needed in your purchase offer.
- Avoid making two house payments.