What is a Bridge Loan?
? Buying a home in Florida but need quick funds? Here’s how a Bridge Loan can help you move smoothly.
A Bridge Loan lets you use your current home’s equity to cover a down payment on your new home. Key points:
• Up to 75% Loan-to-Value for primary homes
• No monthly payments during the loan term
• Loan term: 12 months (primary), 6 months (second homes/investments)
• Balloon payment to clear the loan at the end
This short-term loan supports non-contingent offers, perfect if you need to relocate quickly or retire.
See if a Bridge Loan fits your Florida new home plans: https://fidelityhomegroup.com/bridge-loans
Got questions? Reach out anytime.
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