Home Bridge Loans

George Mason Mortgage, LLC presents our exclusive Bridge Financing. If you are in the process of buying a home and still haven't sold your existing home,

Qualifying For A Bridge Loan Qualifying for a bridge loan from a hard money lender is fast and easy. The bridge loan lender will provide an application the borrower must complete. The borrower must have sufficient equity in their property relative to the loan amount they will need.

A bridge home loan can be obtained to pay off the existing mortgage on an old house when your are purchasing a new home. If the old home doesn’t sell, the borrower generally begins making interest only payments on the bridge loan. A bridge home loan usually requires a large prepaid interest amount.

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Homebridge offers several purchase or refinance loans that can be used for home upgrades and repairs, three of which are FHA loans.FHA 203(k) loans can wrap renovation costs into a mortgage, FHA.

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Bridge loans are temporary mortgages that provide a downpayment for a new home before completing the sale of your current residence. Many buyers today would like to sell their current home to.

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Traditional bridge loans are appropriately named, because they are designed to help people bridge the financial gap between one home and another. For example, if you buy a new home before selling your old one, you can borrow money with a bridge loan to help cover such things as dual mortgage payments, the down payment on your new home, closing costs, moving expenses, and broker fees.