Are your buyers frustrated by losing out on offers because it is contingent on selling their current home?
The Solution: The Hubbard Buster Bridge Financing Program
MEP’s new Bridge Financing Program allows your buyers to access equity from their current home to use towards a down payment, pay off any mortgages on the house and any debts needed to qualify, moving costs, home improvements to get home ready to list and even pay your commission. There is no monthly payments and the housing payment is not factored into qualifying for their new home purchase.
By making a non-contingent offer on a new property, you can help your buyers gain a competitive advantage in a hot housing market and sell more homes in shorter amount of time.
“We kept making offers on homes and lost them because of the mortgage contingency. Once our realtor told us about the “Hubbard Buster” from Jesse Kenner, we got our next offer accepted because we had no contingencies and had the down payment money ready to go!”
– George P.
The Hubbard Buster Bridge Financing Program
- Bridge Financing Program pays off the existing lien while providing the cash out needed for down payment on the new home
- Equity used for down payment for the new home
- No monthly payments on the bridge financing
- Up to 75% LTV on bridge loan, depending on occupancy and loan amount.
- Balloon payment due in 12 months with NO MONTHLY PAYMENTS REQUIRED
- Loan amounts as high as $2,000,000
- Bridge financing only available in conjunction with financing on the new purchase home
- Reverse 1031 Exchange financing solution
If you want to list your home now, we can help!
Learn more about Mortgage Equity Partners.
This program is for purchase transactions only. This advertisement is not a commitment to lend. MEP reserves the right to cancel or modify this program at any time. Contact: Mortgage Equity Partners LLC, NMLS #1936, 220 Broadway, Suite 205 Lynnfield, MA 01940, 877-866-4511 to learn more about our mortgage products and your eligibility for such products. This is not an offer of credit or commitment to lend. Loans are subject to borrower and property qualifications. Rates and fees are subject to change without notice. APR means Annual Percentage Rate. Mortgage Equity Partners complies with Section 12 CFR 1026.2 et al. and Section 8 of RESPA and does not offer marketing services in exchange for referrals or the expectation of referrals. Subject to eligibility requirements.
