How Much Equity Do You Need to Buy Another Home Before Selling? BrightSide Lending graphic featuring a home, home equity savings jar, calculator, and information about using home equity, HELOCs, and bridge loans to purchase a new home before selling a current property.

One of the most common questions homeowners ask when planning a move is: “How much equity do I need to buy another home before selling my current one?” The answer depends on several factors, including your home’s value, your current mortgage balance, your income, and the financing strategy you choose. The good news is that…

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BrightSide Lending graphic explaining bridge loans for homeowners. Features two homes connected by a bridge labeled "Bridge Loan," illustrating how homeowners may buy a new home before selling their current property. Includes BrightSide Lending branding and highlights benefits such as accessing home equity, increased flexibility, and buy-before-you-sell strategies.

One of the biggest challenges homeowners face when moving is timing. What happens if you find the perfect home before your current home is sold? For many homeowners, this situation creates uncertainty. They may have substantial equity tied up in their current property but need access to those funds before they can purchase their next…

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BrightSide Lending graphic explaining how homeowners may be able to get pre-approved for a new home before selling their current home. Features a residential home, mortgage planning concepts, contingent upon sale approvals, bridge loans, HELOCs, and buy-before-you-sell strategies.

Sometimes, and this is where working with an experienced mortgage broker can make a significant difference. Many homeowners assume they must sell their current home before they can buy their next one. While that is sometimes necessary, there are often strategies available that can help qualified borrowers purchase their next home before their current property…

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home equity investment companies infographic explaining balloon payments appreciation sharing and long term homeowner costs

Homeowners today are seeing more advertisements from companies offering access to home equity without a traditional monthly mortgage payment. These programs are often called Home Equity Investments, or HEIs. While they may seem appealing at first glance, it’s important for homeowners to fully understand how these agreements work before signing anything. What Is a Home…

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Are you carrying high-interest debt or looking to finance a home improvement project? A home equity loan or a home equity line of credit (HELOC) could be the perfect solution. These financing options allow you to tap into the equity you’ve built in your home—often at much lower interest rates than credit cards or personal…

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