The Classic Problem
Illustration only
You own a $700,000 home.
You owe $250,000.
You have substantial equity.
You find the perfect next house.
But most of your available money is locked inside your current property.
A bridge loan may potentially unlock enough of that equity to move forward.
Why Buyers Use Them
- Buy before selling
- Avoid a home-sale contingency
- Cover down payment
- Coordinate relocation
- Purchase competitive property
- Avoid temporary housing
The Tradeoff
Bridge financing can be more expensive and short-term.
The homeowner may temporarily carry multiple housing obligations.
Qualification matters.
Lisa's Role
Lisa can help determine whether buying first actually improves your real estate position before you talk with lenders about the financing.
Bridge loans are originated and approved by lenders under their own terms. There is no universal bridge-loan term, rate or waiting period; current figures come from the lender evaluating your complete file. Lisa coordinates the real estate side of both transactions.
