Buying a new home while trying to sell your current one can be tricky, especially when you need the equity in your existing home to make your next purchase. That’s where The Merrimack’s new Bridge Loan can help! This short-term financing option allows eligible homeowners to use the equity in their current home to help purchase their next one, without having to wait for their existing home to sell.
For realtors, it’s another financing option worth keeping in mind when working with clients who are ready to make their next move but haven’t sold their current property. Connect with your Merrimack Mortgage Loan Officer to learn more about this new financing option and whether it might be a good fit.
*All loans are subject to credit approval, underwriting requirements and applicable terms and conditions. Bridge Loans are available for eligible primary residences. Additional restrictions may apply.