You’ve found the perfect home. It has enough space for your family, it’s in an amazing school district, and it's close to everything. But there’s just one drawback, you need to sell your current home before you can buy it. If you have to sell your current home first, your dream home will be gone. What can you do?
That's where a bridge loan from Arbor Financial can help.
A bridge loan is a mortgage with a term up to 12 months and interest-only payments. Our bridge loan is designed to help prospective home buyers that do not have cash savings for a down payment, but want to get into that new home quickly. A bridge loan lets you use the equity built up in your existing home as a down payment on your next home.
Give us a call today at 269.544.3105 and find out what we can do for you!