How You Can Leverage Your Equity Using a Bridge Loan
Here’s everything you need to know about bridge loans and how they work.
What are bridge loans, and how do they work? This is the No. 1 question we’ve received recently, and we want to answer it for you. Today, we’ll explain what bridge loans are, why you might use one, and how they can benefit you in this market. If you work with a great lender, bridge loans are an amazing way to buy and sell a home at the same time.
You can listen to our full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:33 — What are bridge loans?
1:13 — Bridge loans use the equity in your home
1:45 — You can leverage 80% of your equity
2:12 — You can use the money for a down payment
2:24 — What to do with leftover money
4:16 — Wrapping things up
If you have questions about bridge loans or anything else, please call or email me. I’d love to direct you to my trusted lender or answer your question myself. I look forward to hearing from you!
Our mission is to provide an experience that stands above the industry standard and challenges the status quo of the basic real estate agent. We want you to trust us as valuable real estate advisors, worthy of handling one of your largest purchases, sales or investments.
