Florida Bridge Loan

If you're a Florida homeowner in process of planning a strategy for meeting the needs of a construction loan, Hallmark Mortgage Services might have the perfect solution to create the perfect situation. The reality is, in a sellers market, home buyers are at a distinct advantage when it comes to negotiating. So unless you plan on "Giving Away The Farm" to get your home sold you might want to consider the advantages a bridge loan can provide.

Basically, a bridge loan allows you to compete without pressure in a very tight market. A bridge loan will help you to cover the gap between when you buy or build your new home and when you sell your old home. In a bridge loan, your bridge financing is typically structured under a one year deal. The bridge financing pays off your original home, with the remaining funds - less closing costs and interest reserve requirements - going toward the purchase of your new home.

No more waiting for your "Home to sell first" to actually buy OR build your dream home! Don't worry, if after six months you have not sold your old home, you're not forced to pay principle and interest payments. Rather, you pay only interest on the second home until you can get the home sold. This is a typical Florida bridge loan scenario. To find out more, Call Hallmark Mortgage Services today at 1-866-358-2898 or use our quick mortgage application to find out more! Our Florida mortgage solutions standout because we are THE Florida mortgage company to do business with!

Not quite sure whether you should consider one of our bridge financing options? The fact is, a bridge loan on your Florida home can give you a distinct competitive advantage. Just some of the advantages your could experience:

• Negotiate the sale of your home from a position of strength!
• Stay in your old home while your new home is built!
• You don't have to take out a home equity line of credit to make this happen!
• Build a new home at today's prices!
• Negotiate the purchase of an existing home from a position of strength!
• Use your homes equity today to help purchase your dream home!

If you're strategy involves building or buying your dream house today, or you want to roll equity over into your construction loan, or new home purchase, the bridge loan is the ideal way to get it done! Give an expert loan professional a call at Hallmark Mortgage Services! 1-866-358-2898 or just use our quick mortgage application to learn more about a Florida bridge loan!