Novato, California — June 10, 2024 — Arrival Home Loans (AHL), an innovator in cross-collateralized, residential bridge lending, has announced its licensing in Texas and Georgia. This strategic step represents a significant milestone in AHL’s mission to transform the homebuying process through cutting-edge, private money-backed, buy-before-sell mortgage solutions across the United States. For more information,...
The Arrival Bridge loan affords homeowners the ability to leverage the equity in their home, making it faster and easier to get into their new home, but did you know that, once their previous home is vacant, the homeowner can potentially sell for more money by simply not living in it? Furthermore, the sale price...Continue reading
In this final part, we will discuss the numbers and flexibility that Arrival Home Loans bridge loans offer. Since our loans use “cross-collateralization”, many times, borrowers may obtain higher loan amounts when securing more than one property. In a simple math scenario, here are the numbers: Current home value (that will at a later date be sold)...Continue reading
Consumer bridge loans fall into the category of “alternative lending”. Although alternative lending solutions tend to be on the surface, more expensive than traditional loans, many times the benefits greatly outweigh the costs. In this segment, we will discuss how borrowers may save money by obtaining a bridge loan, rather than spending more. Buyers may...Continue reading
What is an “Exit Strategy” and Why is it Important? An exit strategy is the plan borrowers have in place to pay off the bridge loan when the note becomes due. Arrival Home Loans bridge loans become due in 11 months and have no pre-payment penalties. However, most are paid off on average within 6 months or...Continue reading
At virtually every webinar or live presentation we have made to mortgage professionals and real estate agents, every person in attendance recalls at least one recent situation that could have been saved by a bridge loan solution. Below, we will cover the most common situations where a bridge loan may be applicable. Multiple-offer buyers: These buyers...Continue reading
Six Questions about Bridge Loans: Are these legal? Absolutely yes! The Real Estate Settlement Procedures ACT (RESPA) offers a specific exemption for temporary loans, less than twelve months in term, used to purchase a primary residence. This type of loan is exempt from many of the Dodd-Frank loan restrictions pertaining to high-cost or private money loans....Continue reading
The biggest challenge in the industry is a lack of knowledge. That’s why we are writing these articles; to provide bite-sized, digestible nuggets of information. Bridge loans primarily come in two forms: down payment and purchase money. Down-payment bridge loans are very straightforward: a client cashes out equity from a property they own so they can use...Continue reading
A consumer bridge loan: helps move equity from one property to another; has no debt-to-income qualifications; has no prepayment penalty; has no appraisal requirements (underwriter discretion); has interest-only payments; has a primary residence purchase component to it; can be used to finance up to 100% of the purchase price of the new home; (if existing...Continue reading
Everyone who can obtain conventional financing should. However, not everyone can qualify for conventional financing when the need or opportunity arises. Individuals with high equity in their current home but low cash flow may find themselves in unusual situations. If markets cool off, it's even more important for a home to be unoccupied, freshened up,...Continue reading