At Hurst Lending, we’re problem solvers. Over the years, we’ve talked with thousands of home buyers. In the process, we realized that the whole process of buying a home while selling another one is simply inefficient. Many people end up selling their homes for less than market value to avoid moving twice or losing their dream home. Others spend thousands of unnecessary dollars on temporary, housing, storage, and moving twice.
A couple years ago, we designed and began testing a better process – a smarter way to buy a home, reducing the stress and cost of buying, selling and moving. We have fine tuned our residential bridge loan program in our home state of Texas and soon plan to start rolling it out around the country. Home buyers using our short-term bridge loan loan program have gained financially in many ways:
- By making an all-cash offer, our buyers often pay less for a new home – and in competitive markets, a cash offer will also dominate a bidding war.
- Applying the equity in their existing home toward the purchase of a new one.
- Avoiding the expense of moving twice.
Although interest rates are a bit higher on a short-term loan than on a conventional mortgage, the amount of money spent is quite low when because our offer is short-term. As a result, our customers find that they can move for the same cost, or even less, than with a conventional “sell then buy” approach – all with less inconvenience and stress and more control. Best of all they can gain the upper hand over other buyers and get their dream home!
If you are interested in learning more about the new, smarter way to buy a home, we’d love to tell you more. Give us a call at 877-405-3465 or contact us today.