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Why Sellers Choose Elizabeth Winterbottom - Why home sellers in Millburn, Short Hills, Summit and Maplewood choose Elizabeth Winterbottom. Free Presentation - Free in-home listings presentation on marketing your Millburn, Short Hills, Summit and Maplewood, in Essex and Union County New Jersey property. Property Valuation - How much is your Millburn, Short Hills, Summit and Maplewood home worth? What Did That Home Sell For? - What did that Millburn, Short Hills, Summit and Maplewood, New Jersey property or other real estate sell for? FSBO - Selling your Millburn, Short Hills, Summit and Maplewood real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Millburn, Short Hills, Summit and Maplewood Homes, For Home Buyers, For Home Sellers, Millburn, Short Hills, Summit and Maplewood Information, Real Estate Resources, and About Elizabeth Winterbottom.
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Financing Your Home >Bridge Loans
What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.
A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.
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| Q |
What famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"
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| A |
Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star. |
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