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A bridge loan is a smart, short-term financing solution that uses the equity in your current home to make a strong, non-contingent offer on a new one. It’s the key to unlocking your next move without the stress of perfect timing.
The Process:
Leverage Your Equity: We use the value of your current home to fund the down payment and closing costs for your new property.
Make a Competitive Offer: Buy your new home with confidence, without a “sale contingency,” making your offer more attractive to sellers.
Sell Your Old Home: You get the time you need to sell your previous home for the best possible price, not the fastest.
Pay Off the Bridge: Once your old home sells, the proceeds are used to pay off the bridge loan, seamlessly completing your transition.
Fast Access to Equity: Unlock the value tied up in your current home in as little as a few weeks.
Competitive Edge: Make cash-like offers that are more likely to be accepted in a competitive market.
Financial Flexibility: Manage your moving timeline without financial pressure or rushed decisions.
Seamless Transition: Move into your new home on your schedule, then sell your old one.
Straightforward Terms: We provide clear, transparent terms so you understand the commitment.
This solution is ideal for homeowners who:
Have found a new home but haven’t yet sold their current one.
Need to act quickly in a competitive real estate market.
Have significant equity in their current property.
Want to avoid the hassle and stress of temporary housing.
At Mort Freedom Stand, we believe in your financial freedom. That’s why we never charge prepayment penalties. You have the power to pay down your loan early and save on interest, completely free of charge.
