There aren’t many options for homeowners trying to buy and sell a home at the same time. As the name suggests, a bridge loan helps homeowners “bridge” the financial gap between buying a new home and ...
Borrowers should carefully weigh their home equity loan pros and cons before getting started with the product. /iStockphoto .
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.  A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up ...
With a bridge loan, an appraisal is done on both the replacement property (home being purchased) and the departing residence.
Bridge loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. There is increasing interest in these products in today’s ...
Buyers can get immediate access to the equity in their current property. Rocket Mortgage, the nation’s largest mortgage lender, has introduced a new bridge loan product aimed at helping homeowners buy ...
Looking to borrow $25,000 worth of home equity this year? Here's what your monthly repayments could look like.
It’s a sign of the times when America’s largest lender, Rocket Mortgage, starts offering bridge financing, a somewhat complicated niche loan product. Why now? Well, the housing market is on ice with ...
Snapdocs and MeridianLink launch integration for digital home equity closings, enabling mortgage lenders to complete digital ...