Make Your Dreams Come True With an Arizona Bridge Mortgage

If you dream of buying a new home, but need cash from the sale of your current home for your down payment, you may find that moving is just a dream. However, you can make that dream a reality with an Arizona bridge mortgage to help finance your down payment and move to a new home before your current home sells. 

If your home is on the market, you know that selling a house is stressful. Between keeping it clean and leaving at a moment's notice for showings, you may find that you barely even have time to look for a new home. Moving may seem like a pipe dream. However, with an Arizona bridge mortgage you can start looking for and even move into your new home before your current home sells.

If you qualify for both mortgages but have to use funds from your home sale for your down payment, then an Arizona bridge mortgage may be just what you need to move. A bridge mortgage is a specialized loan that you borrow against your current home, the one on the market. You borrow what you will need for the down payment on a new home. You purchase your new home using your bridge funds. Once your current home sells, you use those funds to pay back your Arizona bridge mortgage. So, basically a bridge mortgage helps bridge the gap between your current home selling and purchasing a new home.

If a bridge mortgage sounds like an ideal way to make your dreams come true, talk to an Arizona private lender about how to go about funding one. A bridge mortgage is a non-traditional loan so you can't get it from a bank. A bridge mortgage is similar to a home equity loan but it can be used for a home that is on the market (usually you can't take out a home equity loan using a home that you are selling as collateral).

When you are choosing a lender for your Arizona bridge mortgage, make sure that you pick a licensed mortgage broker. This will help protect your investment and ensure that the individual funding your loan has experience and knows what he's doing.

Don't let endless showings and waiting on your home to sell delay the purchase of your dream home! Find out about an Arizona bridge mortgage today!

Once you are settled in your new home, your old home will most likely sell more quickly and for top dollar. Don't delay your dreams any longer, find out about a bridge mortgage today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.

Eager to Move? Here's How an Arizona Bridge Loan Can Help

If you need to move quickly but don't have the cash for a down payment until your current home sells, an Arizona bridge loan may be just what you need to help make your dreams come true. Learn the risks and benefits of a bridge loan to decide if it is the right choice for you. 

If you are trying to sell your home, you know that it can take a while, especially if you are still living in it. Between picky buyers who can't see around your furniture to trying to keep it clean for showings that are often erratic and unproductive, you may feel that you will never be able to sell your current home. Which may be fine, but it probably isn't. Whether you need to move for work or simply to have more space, you may need to get out of your current home quickly.

You may be able to double qualify for two mortgages which would make it possible to move while your current home is still on the market. However, even borrowers who can qualify for two mortgages may find themselves short on their down payment for their new home. Even at only 5%, your down payment can be upwards of $20,000 and most people don't just have that sitting in a savings account. You are most likely relying on the sale of your current home to finance your down payment into your new house.

This is where an Arizona bridge loan comes into play. An Arizona bridge loan is a short term loan
designed to bridge the gap between your current home selling and you needing to move into your new home. You use the bridge loan funds as a down payment on the new home, and when your current home sells you pay back the bridge loan with funds from the sale. This will allow you to move almost immediately and will make it easier to sell your current home.

What You NEED to Know About Your Arizona Bridge Loan

While an Arizona bridge loan is a great way to get cash for a down payment, it is important to be aware of all the terms and conditions of your loan. Typically, bridge loans have a higher interest rate than most long term financing options. However, you can often find grace periods that allow you to skip payments for a month or two. If your home sells during that time you may not even end up making a payment on the loan and will avoid all interest charges. You also have to be able to qualify for two mortgages so most bridge loan borrowers will need to have relatively high incomes and decent credit scores. 

Traditional banks don't have access to Arizona bridge loan funds, so call a private lender today!

If you need to move, don't wait. Contact our bridge loan specialists at Level 4 Funding to get started on the bridge loan process today!

Dennis Dahlberg Broker/RI/CEO/MLO

Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 
Texas Tel:      (512) 516-1177 
dennis@level4funding.com
www.Level4Funding.com

NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120 | Phoenix | AZ | 85027

111 Congress Ave |Austin | Texas | 78701    

About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 38 years. They have 2 beautiful daughters 4 amazing grandchildren. Dennis has been an Arizona resident for the past 32 years.