Buying a home and selling a home simultaneously can be a stressful – and expensive – process. Luckily, Michigan First Mortgage offers bridge loans to help you get through the experience with ease.
• A temporary loan that bridges the gap between selling price of a home and a home buyer’s new mortgage in the event that the buyer’s current home has not yet sold
• Secured to buyer’s existing home (maximum 80% LTV on current home)
• Funds from bridge loan are used as down payment on the move-up home
Ready to move forward? Fill out our quick questionnaire so our team can help you customize the loan that best fits your needs.
Still have questions? Contact us and let’s chat.