Here’s how a bridge loan can make buying and selling plans less stressful.
Today we have a message for all the homebuyers out there who also need to sell. You may find yourself in a tough position when writing offers that are subject to you selling your home. If you’ve made a contingent offer like this, you’ve probably found yourself on the short end of the stick. A bridge loan is a unique solution that can help you get your home without having to make a contingent offer.
OnTo Mortgage CEO and Senior Mortgage Planner Rich Scherer joined us recently to discuss their bridge loan program and how it has helped turn many homeowners’ frustrations into triumphs.
Feel free to watch the full message, or use these timestamps to browse specific topics at your leisure:
1:20—How Onto’s bridge loan program works
2:45—How to determine if a bridge loan is an option for you
4:15—How we can minimize the time between concurrent sales
6:15—What are the closing cost impacts of using a bridge loan?
6:57—Wrapping things up
If you have any questions about OnTo’s bridge loan program, reach out to Rick at (617) 778-0024. If you have other real estate-related questions, you can call or email us at any time. We look forward to hearing from you soon.