BrightSide Lending educational graphic explaining how homeowners may use a Home Equity Line of Credit (HELOC) for a down payment on another home. Features a residential home, house keys, HELOC paperwork, and information about buying before selling by leveraging home equity.

One of the most common questions homeowners ask when considering a move is: “Can I use the equity in my current home to help buy my next one?” In many cases, the answer is yes. A Home Equity Line of Credit (HELOC) can sometimes provide homeowners with access to a portion of their home’s equity,…

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BrightSide Lending educational graphic explaining what a contingent upon sale mortgage pre-approval means. Features a home, mortgage pre-approval paperwork, and information about buying a new home before selling a current home using strategies such as contingent approvals, bridge loans, and HELOCs.

If you’re planning to buy a new home while still owning your current one, you may hear the term “contingent upon sale” during the mortgage pre-approval process. For many homeowners, this phrase can sound confusing or even concerning. The reality is that a contingent upon sale pre-approval is a common financing strategy that can help…

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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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