EP.22 - How to Buy Your Dream Home BEFORE Selling Your Current House | Bridge Loans Explained
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You're about to lose your dream home because you haven't sold your current one. But what if there's a way to buy now and sell later?
In this episode, Ryan Marks breaks down exactly how bridge loans work and how homeowners can use them to upgrade without the pressure of selling first.
WHAT IS A BRIDGE LOAN?
A bridge loan is a short-term loan that bridges the gap between selling your current home and buying your new one. It lets you:
HOW BRIDGE LOANS WORK:
The lender calculates your loan based on:
- Value of your current home
- Value of your new home
- Outstanding loan balance on current property
- Maximum loan-to-value (LTV) is typically 75%
KEY QUESTIONS TO ASK:
1. What's my maximum loan amount based on my equity?
2. What are the rates and fees?
3. How long is the bridge period?
4. What happens if my house doesn't sell?
5. Can I get both properties at the same time?
TIMESTAMPS:
0:00 - Hook: You're about to lose your dream home...
0:30 - What is a Bridge Loan? (Definition)
2:15 - How Bridge Loans Work (The Math)
4:00 - Bridge Loan Example: $1M → $2M Property
6:30 - Maximum Loan-to-Value (75% Rule)
8:00 - Who Can Get a Bridge Loan (Not Just Investors)
10:00 - Key Questions to Ask Your Lender
12:00 - When to Use a Bridge Loan (When it Makes Sense)
14:00 - Final Tips & Call to Action
🎯 READY TO EXPLORE BRIDGE FINANCING?
Schedule a free consultation with Ryan Marks to discuss your specific situation and see if a bridge loan is right for you. Visit www.seimortgage.com
Ryan Marks is a mortgage professional specializing in bridge loans, creative financing, and helping homeowners navigate the buying/selling process. NMLS #519138
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DISCLAIMER — Ryan Marks is a Licensed Mortgage Loan Originator (NMLS #519138) operating under The Turkey Foundation, Inc. (NMLS #236669), an Equal Housing Lender. Ryan conducts mortgage origination under his DBA, The Everyday Lending Group. SEI Mortgage is an educational brand only. It is not a mortgage lender, does not issue pre-approvals or loan estimates, and does not extend credit in any form. All information provided in this podcast is for educational and informational purposes only. Nothing in this episode should be interpreted as legal, financial, tax, or real estate advice, a commitment to lend, or an offer, quote, or guarantee of loan terms. Loan guidelines, program availability, rates, and qualification methods, especially for Non-QM programs — can change at any time.