Did you find a home that checks all your boxes before your current home sold? Do you have to relocate to another state with little notice? Forte Financial based out of New Milford, Danbury, Ridgefield & Fairfield, CT offers bridge financing programs that use your existing equity as a downpayment on your new home. When you sell your home, the funds can then be used to repay the bridge loan. Considerations for a bridge loan include your debt-to-income ratio, the equity in your current home and your credit score.
Contact us today to begin the application process.
Bridge loan financing programs are a great solution that meets a temporary need. Forte Financial offers bridge loans that:
- Can be as high as $2 million
- Won’t require a monthly payment for 12 months
- Are offered in conjunction with financing on a new home purchase
- Provide up to 75% loan-to-value ratio depending on occupancy and the loan amount
Call now to see if a bridge loan is right for you.