Bridge Loans Explained: How to Buy Your Next Home Before Selling Your Current One
The Mortgage Man - Steve Ferguson
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Bridge Loans Explained: How to Buy Your Next Home Before Selling Your Current One
6 066 просмотров · 10 месяцев назад
The Mortgage Man - Steve Ferguson
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6 066 просмотров · 10 месяцев назад
Thinking about buying your next home before selling your current one?
A bridge loan could be your secret weapon. In this video, I’ll explain exactly what a bridge loan is, how it works, and how homeowners use bridge financing to buy first, sell later — without the stress of juggling two mortgages or missing out on your dream home.
🏠 You’ll learn:
What a bridge loan is and how it differs from traditional financing
When a bridge loan makes sense (and when it doesn’t)
The pros, cons, and real numbers you should know
How to qualify for a bridge loan
Real-world examples of how my clients used bridge loans successfully
Whether you’re moving up, relocating, or just tired of making offers contingent on selling your home, this video breaks down how to buy before you sell — step by step.
00:00 Introduction
00:36 What is a bridge loan?
00:57 Types of bridge loans
01:48 My favorite bridge loan
02:22 What bridge loan funds can be used for
02:41 What happens when you get a bridge loan?
03:43 Bridge loan fee
04:10 Bridge loan math example
06:16 Worse case scenario on the bridge loan
07:19 Loan programs you can use a bridge loan on
07:29 Bridge loan limitations/ property restrictions
08:48 Conclusion