In today's market, buyers are at a disadvantage when trying to purchase a new home with a contingency to sell their current house.
Bridge loans let homebuyers take out a loan against their current home in order to make the down payment on their new home. A bridge loan may be a good option for your client if they want to purchase a new home before their current home has sold.
Join John Peterson, US Bank Mortgage Loan Officer, as he discusses a variety of creative options that buyers may have available to them:
• What is a Bridge Loan and how do I qualify?
• How does a Bridge Loan work?
• How to use a Home Equity Line of Credit.
• What are the advantages of loan recasting?
Presented by: AIA Member - John Peterson, US Bank, NMLS#285998