Pam Danner

Interest rates are on the rise. So what does it mean for real estate?

While the full impact is yet to be seen, right now in the US:

🏠 Mortgage rates are climbing faster than expected
🏠 Home prices are still appreciating
🏠 Inventory remains low

Get all the details and find out what it means for you in our latest blog post!

http://pamdannerrealtor.com/higher-rates-and-short-supply-the-state-of-real-estate-in-2022/

What is a bridge loan?

This short-term financing option can help you bridge the gap between buying a new home and selling your old one. It enables you to tap into your existing home equity before you’ve sold.

However, there are some issues to consider before you apply for a bridge loan:

👉 The interest rates and fees are usually higher than typical home loans.
👉 The equity from your current home will be used to secure the loan.
👉 The credit requirements are often greater for bridge loans than for standard financing.

If you think you may need to “bridge the gap” between buying a new home and selling your current one, give us a call. We can discuss your options and refer you to a lender who can help.

📲 (214) 504-5262
📩 [email protected]

New on market! 5 bed, 3 bath in Fox Hollow, Forney TX CALL 214-504-5262