Buy Your Next Home Before Selling the One You Own Now
How Bridge Loans Help You Move Smoothly and Confidently Learn how South Florida homeowners can buy their next home before selling their current one. Explore bridge loans, pros and cons, and expert help from Antonio Ortega LLC’s trusted mortgage team. Buying your next home before selling the one you already own is possible when you use the right financing strategy. For many homeowners, the idea of selling first can feel stressful, especially if you haven’t found your next place yet. That’s where a bridge loan can make all the difference. This short-term loan allows you to tap into your existing home’s equity to purchase your new home first, so you can move on your schedule and avoid feeling rushed. Understanding How a Bridge Loan Works A bridge loan is a short-term loan designed to “bridge” the gap between buying your new home and selling your current one. It lets you use the equity you’ve built up in your present property to make a down payment or cover the pur...