Loan Options
Bridge Loans
Our Bridge Loan Can Help You Get Into Your New Home
Our Bridge Loans can help homeowners purchase a new home while waiting for their current home or second home to sell. It is a short-term loan that is designed to provide temporary financing for a new primary residence up to $750,000. The equity in the current home is used for the down payment on the purchase of a new home, while waiting for the current home to sell.
How Does a Bridge Loan Work?
- Gives you access to the equity in your current home
- Pays off any existing liens on your current property
- Allows you to pay only the interest on the bridge loan while making mortgage payments on the new home
- Is paid off when your current property sells
Benefits of a Bridge Loan
- Avoid moving twice
- Access equity quickly without waiting to sell
- Present a stronger purchase offer
- Interest-only payments
- Six-month term
- Up to 2 possible extensions
CONTACT US FOR MORE INFORMATION ABOUT BRIDGE LOANS
Get Started on Your Journey Home
Knowledge Base
Why Slowing Home Price Appreciation Is Good For Buyers And Sellers
Many forecasters are calling for slower home price appreciation (HPA) and that is a very good thing. As Core Logic reported recently, home prices rose …
Home Inspections
Home inspections give you the opportunity to have the home thoroughly examined by a professional before you spend any money to purchase it. Paying for …
10 Homebuying Terms Everyone Should Know
Buying a home is exciting, but it’s easy to get overwhelmed if you’re not familiar with the homebuying vocabulary. One of the best things you …
What Is Commonly Negotiated When Buying A Home?
With homebuying, everything is negotiable, from repairs and closing costs to furniture and appliances. Offers and counteroffers can negotiate on a mix of these factors. …
7 Ways to Stand Out as a Potential Homebuyer
With rates near all-time lows, the housing market is buzzing with potential buyers! Low rates mean more affordable payments or more home for your money, …
Virginia Housing Update
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an …
5 Tips for Making an Offer on a Home
In today’s market, it’s important to make a competitive offer once you’ve found the right home. You’ll want to stand out from other interested buyers and …
Get Your Cash Back
Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and …
The Lowdown on Down Payments & Mortgage Insurance
The 20% Down Payment Myth Many first time home buyers believe they must put 20 percent down on a home. But that is far from …
9 Tips for Purchasing Your First Home
Beginning the home buying process can be a very exciting, yet nerve-wracking experience for anyone starting off. These tips will help answer some questions to …
Home Improvement Projects with the Best ROI
Whether you’ve purchased a fixer-upper or are thinking about selling your home in the near future, it’s important to determine which renovations or upgrades can add value to your property.
A Robust Housing Market For Years To Come
Two questions continue to be asked of me. The first is, should I worry about rising prices and wait for the market to slow? The …
Homebuyer Options
Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find …
Moving Checklist
Take the stress out of moving with this checklist. Here is a list of essential tasks as well as the ideal times to conduct them. …
ICE Mortgage Technology Case Study
In an effort to improve the mortgage lending experience, Fannie Mae and Freddie Mae required significant changes to the Uniform Residential Loan Application (URLA) used …
Refinancing 101
Rates have hit an all-time low and have left homeowners scrambling to refinance their mortgages. You have most likely heard in casual conversations with friends …
Your Journey Home
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along …
Homebuyer Tips
Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in …
Getting Started
Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with …
Choosing The Right Down Payment
A down payment is the amount you pay toward the home yourself. You put a percentage of the home’s value down and borrow the rest …
Built Just For You
NEW CONSTRUCTION, CUSTOM HOME & RENOVATION HOME LOANS Our extensive knowledge of the new construction and renovation loan market allows us to offer a wide …
Finding The Right Mortgage
There are many different types of home loans available. The one that’s best for you will depend on your personal financial situation and homeownership goals. …
Know Your Credit Score
When applying for a mortgage loan, your credit score will be one of the key factors in whether you’re approved and it will help determine …
Refinance & Renovate
If you are having a difficult time finding a new home with limited inventory in today’s market, have you considered renovating your current home? We …