Posts from September 27th, 2022
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Buying Before Selling: Learn How to Bridge the Gap
Sometimes life sneaks up on you. You weren't expecting that fantastic job opportunity, and you certainly weren't expecting to transfer out of state. Suddenly, without warning, you find yourself in the position of having to find a home in a new place, and you haven't sold the one you're in. How do you manage that balancing act?
Our real estate agents may suggest you consider a bridge loan. But what is that, exactly? Essentially, it is a short-term loan backed by the equity in your existing home that will allow you to cover the time gap between its sale and the purchase of a new house. That may seem simple en...