![\"homelight](\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\"){kind=logo}
\n <\/div>\n \n Yes, You Can Buy Before You Sell. Why Move Twice?<\/h3>\n
Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency<\/strong>.<\/p>\n \n A bridge loan is a short-term financing option that helps you buy a new home while your current one is still on the market. It taps into the equity you’ve built in your existing property, giving you fast access to cash for a down payment or closing costs on your next purchase.<\/p>\n While bridge loans typically cost more than a traditional mortgage, many Sacramento buyers find the added flexibility worth it to avoid rushed sales or temporary housing.<\/p>\n Bridge loans are also sometimes called:<\/p>\n In Sacramento, bridge loans are common when you find the perfect new home but haven\u2019t yet sold your current one. With a bridge loan, you can use your existing home\u2019s equity to help fund the down payment<\/a> and closing costs<\/a> for your new property.<\/p>\n Often, the same lender handling your new mortgage can also offer the bridge loan. Most will require that your current home be actively listed for sale, and the loan term typically ranges from six months to a year.<\/p>\n Your lender may evaluate your debt-to-income ratio<\/a> using your existing mortgage payment, the new mortgage payment, and interest-only payments on the bridge loan. However, if your current home is already under contract and the buyer has final loan approval, the lender may only factor in your new mortgage payment \u2014 offering more breathing room in your financial calculations.<\/p>\n Here are a few ways bridge loans in Sacramento can help make your move smoother:<\/p>\n While a bridge loan can give you more flexibility and alleviate some pressure during a buy-sell move, there are still a few downsides to consider:<\/p>\n A bridge loan may not suit every real estate situation, but in the right circumstances, it can help simplify the move from one home to another. For those buying and selling at the same time, bridge loans in Sacramento can offer a valuable solution.<\/p>\n Here are a few scenarios where using one might make sense:<\/p>\n Explore the ins and outs of bridge loans in Sacramento, CA: benefits, drawbacks, costs, providers, and modern alternatives. Learn how you can \u2018Buy Before You Sell.\u2019<\/p>\n","protected":false},"author":367,"featured_media":60539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[823,771,1198,629],"tags":[1883],"class_list":["post-60537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bridge-loans","category-buying-a-house-while-selling","category-california-real-estate","category-home-financing","tag-bridge-loans-sacramento"],"acf":[],"yoast_head":"\nWhat is a bridge loan, in simple words?<\/h2>\n
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How does a bridge loan work in Sacramento?<\/h2>\n
What are the benefits of a bridge loan in Sacramento?<\/h2>\n
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What are the drawbacks of a bridge loan?<\/h2>\n
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When is a bridge loan a good solution?<\/h2>\n
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