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 103

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

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. 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.

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 92

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

HomeLight

DECEMBER 15, 2023

This short-term financing solution can provide the funds you need to secure your new Austin home before selling your old one. 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.

Equity 92

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

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 90

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

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 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 17, 2023

As a short-term financing option, bridge loans in Illinois offer a unique opportunity. 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.

Equity 92

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

HomeLight

DECEMBER 13, 2023

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. 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. What is a bridge loan, in simple words?

Equity 106

Equity Loans Debt-to-income ratio Home sale contingency 106

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 87

Equity Loans Debt-to-income ratio Home sale contingency 87

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. 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.

Equity 97

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

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 98

Equity Loans Debt-to-income ratio Home sale contingency 98

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 90

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

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 91

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

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 92

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

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 88

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

Windemere Selling

JUNE 13, 2022

If your finances have improved since you initially secured your mortgage—for example, your debt-to-income ratio has improved, or you’ve bumped up your credit score—you may be able to lock in a better rate with your lender. Assess your financial health and equity before you apply.

Debt-to-income ratio 52

Debt-to-income ratio Fixed-rate mortgage Loans Principal 52

HomeLight

OCTOBER 28, 2021

Considering buying a one-bedroom to start building equity, but worried it’ll be hard to sell down the line? Buyer’s financing. Some first-time homebuyers may have high debt-to-income ratios due to student loans or other forms of debt, and may not have as much money for a down payment as a second-time homeowner.

Staging 92

Staging Debt-to-income ratio Investor Agents 92

HomeLight

AUGUST 31, 2020

Secure financing and project return on investment. With 20%-25% down, you’ll either pay off the loan in stages of completed construction or pay the interest during the build and then pay off the entire loan at completion. You could refinance for a $400,000 mortgage and take $100,000 as a cash-out to finance your project.

Debt-to-income ratio 95

Debt-to-income ratio Construction Loans Equity 95

HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a financial lifeline that can synchronize the purchase of your new Minnesota home while leveraging the equity of your current property. 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.

Equity 99

Equity Loans Debt-to-income ratio Staging 99

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 94

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

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 101

Equity Loans Debt-to-income ratio Home sale contingency 101

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? What is a bridge loan, in simple words?

Equity 94

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

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 89

Equity Loans Debt-to-income ratio Home sale contingency 89

HomeLight

DECEMBER 8, 2023

This short-term financial tool bridges the income gap, allowing you to purchase your new Los Angeles home before selling your existing one. 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. Limited equity could restrict your loan options.

Equity 94

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

HomeLight

DECEMBER 8, 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. Think of it as a temporary loan that taps into the equity of your existing home. When is a bridge loan a good solution?

Equity 94

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

HomeLight

NOVEMBER 15, 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. Often, the lender who is financing your new home will also provide the bridge loan.

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89

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 78

Equity Loans Debt-to-income ratio Finance 78

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. They’re essentially advancing you the equity you’ve accrued in your present home, enabling you to seal the deal on your new residence.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 30, 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. Prepare your old home in peace: Enhance and stage your previous home for sale without the pressures of living there.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

NOVEMBER 21, 2023

A bridge loan offers a practical way to leverage the equity in your current home, providing financial flexibility. 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.

Equity 77

Equity Loans Debt-to-income ratio Home sale contingency 77

HomeLight

SEPTEMBER 27, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem your only option is to sell, move out, and find a third location to live while you shop for the new house. This short-term financing (also called a swing or bridging loan) helps homeowners during the transition between properties.

Equity 84

Equity Loans Debt-to-income ratio Home sale contingency 84

The Close

AUGUST 18, 2020

Sure, this may turn away buyers who are looking for move-in-ready homes, but it will also attract the right buyers who are handy and looking for sweat-equity opportunities. Educate the Buyer About Financing Pitfalls. Make it part of your staging process. Schedule a Weekly Status Phone Call With the Other Agent.

Inspection 92

Inspection Debt-to-income ratio Title Closing 92

HomeLight

JANUARY 7, 2022

Here are some factors they’ll consider as they walk you through the first few steps: Your current financial situation: The biggest challenge you’ll likely face is coming up with a down payment for your new home while your equity and investment are still tied up in your current house. Next: Understand the timeline. List your house for sale.

Equity 105

Equity Loans Debt-to-income ratio Closing 105

HomeLight

FEBRUARY 28, 2022

In a perfect world, you can put your current house on the market, sell quickly to get your equity out of your home to use for a down payment, and find your next dream home just as quickly. According to information collected by CoreLogic, a property data provider, homeowners averaged an equity gain of more than $56,000 in 2021.

Equity 118

Equity Debt-to-income ratio Closing Loans 118

HomeLight

JUNE 28, 2023

Rather than search for that black-and-white answer, you should navigate this decision based on your individual priorities, which will shift as you enter different stages of life and financial circumstances. If you’d paid that same amount toward a mortgage, you’d have gained equity in that long-term property investment,” she adds.

Debt-to-income ratio 81

Debt-to-income ratio Equity As-is Staging 81

HomeLight

JUNE 13, 2022

A rent-to-own real estate deal might work nicely for some, but it’s not for everybody ; there are more risks involved than with a financed real estate purchase, which is why most buyers choose to get a mortgage instead of renting-to-own a house. You’re trying to pay off debt. Work on your finances. You can lower your debt.

Purchase and sale agreement 108

Purchase and sale agreement Loans Inspection Closing costs 108

HomeLight

OCTOBER 20, 2021

If you aren’t working with an agent at this stage of the game, run a market analysis like a pro. Consider how much equity you have on your apartment. Assuming your apartment is in the green, ask yourself this: are you satisfied with your level of equity? Determine how you’d finance your next property one way or the other.

Property Management 70

Property Management Debt-to-income ratio Investor MLS 70