HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is a financial lifeline for homeowners like you.

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

JANUARY 30, 2024

It’s a common dilemma: you must sell to finance your next home, but where do you live? 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. Here’s where the debt-to-income ratio (DTI) becomes crucial.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. In real estate, a bridge loan, also known as a swing or bridging loan, is a short-term financing option designed to help homeowners like you. A key factor in this scenario is your debt-to-income ratio (DTI).

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

NOVEMBER 29, 2023

A bridge loan is a short-term financing solution designed to bridge the gap, allowing you to purchase your new Hawaiian dream home before you’ve sold your current one. It’s worth noting that bridge loans go by various names, including bridge financing, bridging loans, interim financing, gap financing, and swing loans.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 29, 2023

It’s a short-term financing option that helps you purchase a new home in New York before selling your old one, smoothing out the transition and fitting the pieces of your property puzzle together. In this scenario, the equity from your existing New York home is used to cover your new property’s down payment and closing costs.

Equity 88

Equity Loans Debt-to-income ratio Home sale contingency 88

HomeLight

DECEMBER 14, 2023

A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. This loan provides you with the cash needed for a down payment and to cover the closing costs of your new home. This can be a vital tool in a market like San Francisco, where every minute counts.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to help you purchase your new home in Maine before selling your old one, easing the transition and aligning the pieces of your real estate journey more smoothly. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

DECEMBER 13, 2023

A bridge loan is a short-term loan that uses the equity you’ve built up in your existing home, providing you with the funds needed for the down payment and closing costs on your new property. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property.

Equity 107

Equity Loans Debt-to-income ratio Home sale contingency 107

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

DECEMBER 4, 2023

This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life. An important factor in this scenario is your debt-to-income ratio (DTI).

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 29, 2023

This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 17, 2023

As a short-term financing option, bridge loans offer the unique advantage of helping you purchase your new home before you’ve sold your old one. This type of loan leverages the equity in your current home, giving you the financial flexibility to make a down payment and handle closing costs on your new purchase.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

NOVEMBER 29, 2023

Tailored as a short-term financing option, a bridge loan empowers you to leap ahead and purchase your new Idaho home before you’ve sold your current one, smoothing out the transition and keeping you on track towards your real estate goals. A crucial factor in this equation is your debt-to-income ratio (DTI).

Equity 90

Equity Loans Home sale contingency Debt-to-income ratio 90

Redfin

JUNE 14, 2023

Prioritize your finances Getting your finances in order is crucial for the homebuying process in North Carolina, as it sets the foundation for a smooth and successful transaction. Firstly, having your finances in order allows you to determine your budget and understand how much you can comfortably afford to spend on a home.

Pre-approval 57

Pre-approval Debt-to-income ratio Closing costs Title 57

The Close

AUGUST 18, 2020

Another option is to request the seller to compensate the buyer by paying additional buyer closing costs, other than requesting repairs on inspection concerns. This will allow the buyer to bring less money to closing. The money the buyer saves can be used to make the repairs after the closing.

Inspection 89

Inspection Debt-to-income ratio Title Closing 89

HomeLight

DECEMBER 7, 2023

Selling your old home while buying a new one in Seattle can be a challenging balancing act, especially regarding timing and finances. Enter the bridge loan — a short-term financing option that lets you purchase your home before you’ve sold your old one. But what if there was a better way?

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

DECEMBER 6, 2023

Transitioning from one home to another often involves a delicate balance of timing and finances, especially in a market where inventory is scarce and prices are soaring. Enter the bridge loan – a short-term financing option that could be the key to securing your new home before you’ve sold your old one. You’re not alone.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 21, 2023

A bridge loan isn’t just another financing option; it’s a strategic tool tailored for homeowners like you, seeking a seamless move in today’s complex market. It allows you to tap into the equity of your existing home, providing the funds needed for the down payment and closing costs of your new property.

Equity 100

Equity Loans Debt-to-income ratio Staging 100

HomeLight

DECEMBER 8, 2023

Say you’ve found your dream home in Los Angeles, but there’s a catch: you have to sell your current home to finance the purchase. A bridge loan is a short-term loan that taps into your existing home’s equity, providing you with the necessary funds to make a down payment and cover closing costs on your new home.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 17, 2023

This short-term financing option offers a seamless transition by empowering you to purchase your new Maryland home before selling your old one, ensuring you don’t have to juggle between selling, moving, and buying in a tight timeline. Balancing debt: A key factor in this process is your debt-to-income ratio (DTI).

Equity 102

Equity Loans Debt-to-income ratio Home sale contingency 102

HomeLight

DECEMBER 6, 2023

Designed as a short-term financing option, bridge loans empower you to secure your next home in Houston before you’ve sold your existing one, simplifying the buy-sell process significantly. A bridge loan, sometimes called a swing loan, bridging loan, interim financing, or gap financing, is a financial stepping stone.

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

NOVEMBER 15, 2023

It uses the equity in your current home as leverage, giving you the cash needed for a down payment and covering closing costs on your new property. Often, the lender who is financing your new home will also provide the bridge loan. A crucial factor in this process is your debt-to-income ratio (DTI).

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

HomeLight

DECEMBER 8, 2023

This equity is then used to provide you with the necessary funds to make a down payment and handle closing costs on your new home in Ohio. How a bridge loan unfolds: You can use the equity from your existing house to cover the down payment and closing costs of your new home.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 6, 2023

A bridge loan might be the lifeline you need, offering a short-term financing solution that lets you purchase your new home even before you’ve handed over the keys to your old one. Essentially, the bridge loan uses the equity from your existing home to finance the down payment and closing costs of your new property.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 30, 2023

This type of short-term loan leverages the equity in your current home, providing you with the necessary funds to make a down payment and handle closing costs on your new property. Prepare your old home in peace: Enhance and stage your previous home for sale without the pressures of living there.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 21, 2023

It’s a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment or cover closing costs on your new property in Oregon, even before your old home is sold. An important factor in this process is your debt-to-income ratio (DTI).

Equity 78

Equity Loans Debt-to-income ratio Home sale contingency 78

HomeLight

SEPTEMBER 27, 2023

This short-term financing (also called a swing or bridging loan) helps homeowners during the transition between properties. In this case, they will use the equity from their previous home to cover the down payment and closing costs for their new purchase. Learn More What is a bridge loan, in simple words?

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

HomeLight

MARCH 31, 2023

With low inventory and notoriously high home prices, California homeowners are looking for creative financing solutions to fund their dream home purchases. In this post, we’ll share expert insights on this unique financing solution and how you can put it to work for you. Let’s dive in.

Equity 81

Equity Loans Debt-to-income ratio Finance 81

HomeLight

SEPTEMBER 8, 2020

There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. When you risk buying a home without an agent , you might find yourself facing unexpected costs you could have otherwise avoided. Don’t forget about transition costs.

Closing costs 88

Closing costs Inspection Debt-to-income ratio Title 88

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. (One You’re trying to pay off debt.

Purchase and sale agreement 109

Purchase and sale agreement Loans Inspection Closing costs 109

HomeLight

JUNE 30, 2022

Line up financing. It’s important to line up financing well in advance of when you want to start making offers. Be sure to do your research to find a reputable lender who can guide you through financing your first home purchase. Also during this stage, your lender will pull your credit report after getting your consent.

Purchase and sale agreement 72

Purchase and sale agreement Inspection Earnest money deposit Closing costs 72

HomeLight

JUNE 27, 2022

Asking yourself the tough questions during this stage can save you a lot of headache later on when your needs may change. These are often used to sell you on using that particular builder and will have a lot of upgrades, immaculate staging, and might not reflect what your finished product will be. Tour the model homes.

New Construction 86

New Construction Construction Pre-approval Inspection 86

HomeLight

MARCH 17, 2021

The planning stage (1 to 3 years before purchase). If you decide buying is a good financial move for you, it’s time to dig into your finances. While you’ll find lots of ways to ballpark your housing budget, the real determiner will be your debt-to-income ratio , or DTI. Explore special programs.

Pre-approval 98

Pre-approval Purchase and sale agreement Title Closing 98

The Close

DECEMBER 29, 2022

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs. Contingency.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97