In many instances, a borrower will need to have their current home sold before they qualify for long-term financing on the purchase of their new home. However, there are borrowers who qualify even without the sale of their current home. Our Cash-to-Close loan is a solid option in this situation. A Cash-to-Close Loan allows you to tap into the equity in your current home for the down payment on your new home.
- Ability to access equity in your current home.
- Allows you to lock in long-term financing today.
- Cash-to-Close loans do not require payments during the loan period. The loan is paid when your current home sells.