HomeLight

NOVEMBER 17, 2023

However, there’s a strategic solution that might just fit your needs: a bridge loan. As a short-term financing option, bridge loans in Illinois offer a unique opportunity. In this post, we’ll provide insights and helpful tips about bridge loans in Illinois. What is a residential bridge loan?

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

HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. In this guide, we explain the ins and outs of bridge loans in Utah and help you decide if they could be the answer to your property puzzle.

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Equity Loans Debt-to-income ratio Home sale contingency 108

HomeLight

DECEMBER 30, 2023

If contingencies are not met, the deal might fall through. Contingencies while ‘under contract’ Here are some common types of contingencies in residential home sales: Financing contingency: A financing or mortgage contingency safeguards buyers who need to finalize a home loan.

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HomeLight

NOVEMBER 21, 2023

Enter the bridge loan, a potential lifeline in this complex process. This financial tool could be the missing piece that helps make your home-buying journey seamless and less burdensome. In this post, we’ll provide tips and insights about bridge loans in Pennsylvania, and how to Buy Before You Sell.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 21, 2023

But what if there’s a smoother path to transition from your old home to your new one? 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. What is a residential bridge loan?

Equity 107

Equity Loans Debt-to-income ratio Staging 107

HomeLight

MARCH 31, 2023

DISCLAIMER: As a friendly reminder, this post is meant to answer questions about bridge loans in California and is intended for educational purposes, not financial advice. If you need assistance navigating the use of a bridge loan in California, HomeLight always encourages you to reach out to your own advisor.

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Equity Loans Debt-to-income ratio Finance 87

HomeLight

NOVEMBER 6, 2023

Especially in a market where inventory is scarce and home prices are high, the balancing act can seem daunting. Are you feeling cornered into selling first, moving out, and then scrambling to find a temporary rental while you search for your next home? You can then make a strong offer on your next home with no home sale contingency.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105