Friday, February 29, 2008

Bridge Loans - Making Buying a New Home Easier

With a Bridge Loan you can buy or build your dream home now, before selling your current home.

A Bridge loan eliminates the need for a contingency clause, requiring the sale of your current home, you can start building or move into your new home now!

Sell without the stress and maximize your cash flow.
This program gives you the time you need to efficiently market and sell your current home.

No need to liquidate other assets to meet down payment requirements.
using equity from your existing home toward the purchase of your new home, the Equity Bridge loan allows you to avoid liquidating other assets to make the down payment.

Pay down your new loan, and lower your payments without refinancing.
Once your current home is sold and you repay the Equity Bridge loan, you may want to use any excess cash to pay down the new mortgage(s).

For more information or to apply for a bridge loan call Paul Cantor, TrustMor Mortgage Co. at (804) 433-1510.

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