How to Buy a Home Without Selling First | Bridge Loan Explained

How to buy a new home without being contingent on selling your old property ⬇️

1️⃣ Use the equity from your current home – Once your house is listed, you can take the equity for the down payment on the new home.

This way, you’ll need to qualify for both the new loan and the mortgage on your current home.

2️⃣ Bridge loan option –

With a bridge loan, you don’t need to qualify for the loan. The bank will lend you money based on the equity in your existing home so you can purchase the new one.

This allows you to make a non-contingent offer on a home, so you don’t have to wait to sell your current property.

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Jason Dickson | Nuwave Lending
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Видео How to Buy a Home Without Selling First | Bridge Loan Explained канала Jason Dickson