Supreme Lending- Indiana

A bridge loan means managing three house payments at once: your current mortgage, the bridge loan, and the new mortgage. You must qualify for all three.

It sounds heavy, and it is a significant responsibility for a short time. However, when your original house sells, two of those obligations disappear, leaving you with just one payment.

Have you ever heard of a bridge loan before, or does this three-payment reality surprise you?

Did you know you can lock in your 30-year mortgage rate before your new home is even built? Most buyers find this out way too late in the process.

Have you heard about this before, or is this news to you?

Anyone looking on the Southside? if so check out this listing of Lisa Hu, Realtor
https://listing.dreamhomelist.com/4696736-7633-Singleton-Street-Indianapolis-IN-46227