SITUATION A husband and wife with strong financial standing risked forfeiting their escrow process and non-refundable deposit on a house in Danville, CA due to an erroneous tax lien impacting their credit. CHALLENGE The conventional loan was denied until the lien could be cured, which would have caused them to lose their offer and deposit....Continue reading
SITUATION Borrowers were planning to list their $2M home in the spring, but their forever home came on the market over the winter. They had to make a quick offer, needing funds to close on a $2.6M purchase in Tiburon. Borrowers were well-qualified for conventional (800+ credit with strong assets) but it was not an...Continue reading
SITUATION A homeowner moving from Larkspur, CA to Novato, CA had his down payment equity tied up in the unsold Larkspur house and would have to make a risky non-contingent offer to place a competitive bid. CHALLENGE The borrowers were unable to qualify with two larger mortgages. Without an alternative, the borrower would have been...Continue reading
SITUATION A retired couple with limited income was in contract to purchase a home for $1.1M home (downsizing). Their current home was on the market for $2.6M but was not yet in contract. They had a short timeline for closing on their purchase. CHALLENGE Due to their limited income, they could not qualify for a...Continue reading
SITUATION The customer was self-employed with multiple business ventures, which created an inconsistent personal income stream. The borrower also chose to invest his savings opportunistically rather than hold them in banks. CHALLENGE Traditional lenders like to see cash reserves in liquid accounts and prefer to see “seasoned” capital that has laid idle for months, which...Continue reading
Residential bridge loans can be beneficial for various individuals in specific situations. Here are some scenarios where residential bridge loans might be a good fit. Individuals considering a bridge loan should carefully evaluate their financial situation, understand the terms of the loan, and have a clear exit strategy to repay the loan. Consulting with an...Continue reading
The Arrival Home Loans bridge loan product is a unique type of mortgage option due to its specific purpose and characteristics. While bridge loans are not for everyone, there are a multitude of situations where this type of loan product is the best and only fit. Below you will find the top 10 reasons to...Continue reading
An exit strategy is the plan you have in place to repay your bridge loan when the time comes to do so. Bridge loans are designed to be a short-term funding solution and although they are very useful when needed, it’s crucial that you can repay, when the end of your bridge loan term arrives. Arrival Home...Continue reading