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… 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… 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… 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… 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… 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… 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… 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… Continue reading→

Many times, money is left on the table by not helping clients complete small renovations, fix up, and stage their property before sale. A bridge loan can pay for itself by making the property turnkey, thus capturing a higher sales price. In turn, mortgage professionals and real estate agents can… Continue reading→

As mortgage and real estate professionals, we have access to a financing product that is perhaps the least understood and most powerful of all finance vehicles on the market today. Over the next few weeks, we are going to break down and explain a tool that will help you identify… Continue reading→