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house mortgage

Buying and Selling a House with a Mortgage

Are you currently looking for a new home while selling your current residence? This can be a stressful time, trying to balance these two life-changing experiences.  Take comfort that you aren’t alone. About 35% of buyers use the proceeds from the sale of their current home as the down payment to their new home.   Selling…

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bridge loan for buying home

Essentials to Look for in Your Real Estate Bridge Loan

When you begin the process of buying a new home, hoping to sell your current house before you buy your next one can seem like a tall order. This is where a real estate bridge loan can come into play and help you get into your new home while selling your current one. Bridging a…

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buy before sell home

How to Buy a House Before Selling Your Current House

The traditional home buying process is not the most customer friendly way to make one of the biggest financial purchases and emotional decisions people make in their lifetime. Many homeowners feel a lot of pressure to get their current home sold before buying their next one in order to cover the down payment.  This requirement…

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how to buy before sell

How Bridge Loan Lenders Can Help You Buy Your Next Home

While the benchmark for a down payment on a house has been 20% for many years, the truth is that many homeowners don’t put that much down. Whether it’s because they’re upgrading to a bigger home or because they just don’t have it, they need to find alternative solutions. That’s where bridge loan lenders have…

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What is a Mortgage Bridge Loan - Homeward

What Is a Mortgage Bridge Loan and How Is It Useful?

The average American home spends just 64 days on the market, from list to sale. This number changes depending on where you live. In California, it’s 36 days, although it can take almost twice as long in Honolulu. All across the nation, this “days on market” figure is a sign of just how competitive the…

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How to Use Home Equity Loan for Down Payment on New Home with Homeward

7 Reasons to Use a Home Equity Loan for a Down Payment on a New Home

Buying a new home when you already own one is a challenging learning experience. You’re required to learn all about the real estate business, including how to finance a home. Financing a home can be a complex process, but the right lender and loan can help you get the best deal.  If you’re in the…

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How to Buy a House Contingent on Selling Yours - Homeward

Contingency 101: How to Buy a House Contingent on Selling Yours

Studies show that as the economy grows, so does the rate of mortgages. According to the home buying institute, the 30-year mortgage rates will increase by up to 4.4% by the end of the year. Moving from one home to the other can set you into a financial crisis as you try to navigate through…

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Buy a House on Contingency - Homeward

Buy a House on Contingency: What Does It Mean?

Last year 5.34 million existing homes were sold. That is 445,000 sold every month. Not every one of these closings is simple and easy, though. For some, the buyers and sellers agree to special terms. These special terms help protect both the buyer and seller from agreeing to a deal that wouldn’t be desirable. Are…

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