Cliff Taylor - Intercap Lending

One of the biggest challenges I see is timing the sale of a current home with the purchase of the next one.

Transition loans are designed to solve that.

They allow you to:

Buy your next home before selling
Sell or rent your current home within a set timeframe
Move without feeling rushed or pressured

This creates flexibility and removes the stress of trying to line up two major transactions at the same time.

For many buyers, it turns a complicated move into a much more manageable process.

I get a lot of the same questions from buyers, especially early in the process. Here are a few of the big ones:

Do I need 20% down?
No. Many buyers put down far less.

How much are closing costs?
Typically 2% to 5% of the purchase price.

Why does pre approval matter?
It shows sellers you are serious and gives you a clear budget.

What are points vs credits?
Points can lower your rate. Credits can reduce upfront costs.

Getting clear answers early helps buyers move faster and make stronger decisions.

According to the National Association of Realtors, 88% of buyers finance their purchase, which makes understanding these basics even more important.

Source: NAR 2025 Home Buyers and Sellers Report.

I see a lot of buyers delay their plans because of things they think are true about credit.

Some of the most common myths:

You need perfect credit to buy
Checking your credit will hurt your score
You cannot qualify if you have some debt

The reality is there are loan options for a wide range of credit profiles, and most of these concerns are manageable with the right plan.

The hardest part is not credit. It is misinformation.

Understanding where you actually stand can open up more opportunities than you expect.

According to Experian, many approved borrowers fall outside of top tier credit ranges.

Source: Experian Mortgage Credit Trends Report 2025.