Real estate agents, home buyers or home sellers alike should know about this home loan or should I say smart home buying strategy: It is called the Bridge Loan.
A bridge loan is beneficial for the key following reasons:
There are some requirements to qualify for a bridge loan, including:
For an even clearer understanding, here is a quick example of a Bridge loan:
If a Buyer gets a $300,000 loan at 10% interest only then their payment will be $2,500. For sure a home buyer can afford this payment, especially in today’s real estate market with the prices increasing and rents out the roof. Points will depend on the size of a loan.
Anyone thinking of buying a home – whether a first-time home buyer or a move-up or move-down buyer - does not want to wait as it will only cost them more money in the long run.
So, Call Us to see how we can strategize with you to get yourself or your Buyer into a Bridge loan today – (707) 523-2099!
Forest & Ken – The Guys in the White Hats
Approval is based on just 2 criteria:
1. Good Down Payment or Decent Equity
2. Ability to Repay
• FAST private money purchase financing throughout California.
• Owner Occupied, Bridge Financing, Investor financing, Commercial and some Land financing.
• FICO is not a factor.
• Up to 80% loan-to-value, case by case basis.
• Lower rates with Good Compensating Factors, case by case basis.
• Loan amounts starting at $100,000.
(Sonoma County areas can be lower amounts, case by case.)
SPECIAL NOTE: We can do a loan for someone fresh out of foreclosure, bankruptcy, or short sale!
CALL TODAY, The Guys In The White Hats at
See our website at: www.sunpacmortgage.com
Alternative Finance Lenders Serving California since 1988!
800 Mendocino Ave. Ste 2
Santa Rosa, CA 95401
California Bureau of Real Estate Broker Corporate License # 01464899.
Nationwide Mortgage Licensing (Registry) System Office NMLS # 360993