Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. These companies buy a consumer’s current house with cash so the consumer can use the equity they’ve accrued right away.

Backup offer 380

Backup offer Loan Officer Home sale contingency Branding 380

Redfin

JANUARY 25, 2021

The inspection contingency can protect you from purchasing a poor property investment because it allows you to back out of the deal if a major issue is discovered. 2) Appraisal contingency. 3) Financing contingency. 4) Home sale contingency. 7) Home insurance contingency.

Purchase and sale agreement 79

Purchase and sale agreement Home sale contingency Inspection contingency Title 79

HomeLight

JUNE 16, 2023

In many instances, a homeowner needs to use equity from their existing home to buy their next residence. That can mean adding a home sale contingency to their offer, which makes it weaker and less attractive to sellers, or finding temporary housing between transactions. Is there a cost to using Flyhomes?

Home sale contingency 86

Home sale contingency Staging Loans Closing 86

HomeLight

NOVEMBER 21, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 99

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

HomeLight

MARCH 31, 2023

The bridge lender will lend the buyer the equity they have built in their existing house so they can move forward with the purchase of a new home. So in the past few years, I think it’s pretty easy [for borrowers to qualify] because of the equity spike. When might I need a bridge loan in California?

Equity 81

Equity Loans Debt-to-income ratio Finance 81

HomeLight

MARCH 31, 2023

To give you all the information you need to evaluate if a bridge loan is right for you, we spoke with Rick Ruiz , who sells homes 67% faster than other agents in the Las Vegas, Nevada area, and Heidi Daunt , Branch Manager and owner of Treehouse Mortgage Group with over 35 years of lending experience. Let’s dive in.

Loans 74

Loans Debt-to-income ratio Equity Finance 74

HomeLight

AUGUST 16, 2021

You can also consider growing your existing cash by getting involved in peer-to-peer lending , or by investing your funds short-term in a real estate investment trust (REIT) to build your capital. I decided I would rather invest that money where I could build equity.”. Then they can invest some sweat equity to improve the property.”.

Purchase and sale agreement 104

Purchase and sale agreement Equity FHA loan Home sale contingency 104