If you’re a property owner, you understand that timing is everything. Maybe you’re on the fence about selling or refinancing your property. You don’t want to rush into a decision, but you also don’t want to miss out on a prime opportunity. At MortgageDepot, we understand your concerns and offer customized loan options for those who need time to decide what to do with their stabilized property.
Here are a few loan options that we offer for those who need time to make a decision:
Bridge loans: A bridge loan is a short-term financing option that can help you access funds while you wait for a long-term financing option. A bridge loan can help you secure financing for a new property while you wait for your current property to sell or refinance.
Blanket mortgages: A blanket mortgage is a loan that covers multiple properties under one loan. This option can be a great fit if you’re considering selling or refinancing multiple properties in the future. With a blanket mortgage, you can access the equity in multiple properties, giving you more financial flexibility as you make your decision.
Hard money loans: A hard money loan is a short-term loan option that can be a good fit for those who need to make a quick decision. With a hard money loan, you can access funds quickly and with less stringent underwriting requirements than other loan options.
When it comes to your property, we understand that making the right decision is crucial. That’s why at MortgageDepot, we offer personalized loan options for those who need time to make a decision about selling or refinancing their stabilized property. We want to help you make the best choice for your financial future.
In addition to the loan options we mentioned before, we also offer other options for those who need time to decide. For example, we can offer adjustable-rate mortgages that come with lower interest rates initially, giving you more time to think about what you want to do with your property. We also offer interest-only loans, which can help you manage your cash flow while you take the time to make the best decision.
One other option we offer is cash-out refinancing. This option can be a good fit for those who need access to funds quickly but aren’t sure what they want to do with their property yet. With cash-out refinancing, you can access the equity in your property and use those funds for any purpose you choose, whether it’s renovating the property, investing in another property, or simply holding onto the funds until you decide what to do next.
We understand that when it comes to your property, taking time to make the right decision is important. That’s why at MortgageDepot, we provide a diverse range of loan options that can be tailored to your unique requirements. Whether you’re considering a bridge loan, a blanket mortgage, a hard money loan, or another type of loan, we’re here to assist you in obtaining the financing you need. Don’t hesitate to get in touch with us today to learn more about our loan options and how we can help you make the best decision for your property.
Connect with one of our loan consultants to learn more.
