HOW TO BUY A NEW PROPERTY WITHOUT SELLING YOUR CURRENT ONE?
Many homeowners want to downsize, but feel stuck. They can’t buy the new home until the old one sells, and they can’t comfortably sell the old one without knowing where they’ll move next.
There is a solution: a Bridge Loan.
We recently learned about this program from Tammy Blanchard from Brokers First Funding during an office presentation. The key benefit of this bridge loan program is that it does not require traditional mortgage qualifying criteria. This allows you to:
- Use the equity from your current home to buy your next property in cash, or
- Secure a new mortgage after your existing home sells—something we can plan and discuss in advance.
This creates flexibility and eliminates the pressure of timing both transactions perfectly.
If you have any questions or want to talk through how the process works, feel free to call me: (415) 225-7920
Best wishes,
Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983
NMLS #205637
DRE #00874630