You can buy before you sell with the Windermere Bridge Loan, from the Washington Loan Company, Inc. This is an exclusive tool that I can use to help you buy real estate when you find it.
Stronger Negotiating Position
- You can make an offer free of contingencies, which makes your offer more attractive to sellers.
- You don't have to risk losing your new home while waiting for your own property to sell.
- I will perform a Comparative Market Analysis on your home to determine its current market value.
- The amount you owe on your home, plus the bridge loan, should equal no more than 75 percent of the value of your current home.
- The approval process by the Washington Loan Company takes only a few days.
- I'll list your home and help you buy your new home.
Innovative program with competitive fees and interest rates
- The interest rate is Bank of America's prime rate plus one percent.
- The loan fee is just one percent of the loan amount, due upon disbursement of the loan.
- An application fee and a title report fee are due with the application.
- No payments are necessary on the loan before your home closes unless you choose to make a payment. The principal and interest is due when the home closes, or 9 months following disbursement, whichever comes first.
