Fullerton Bridge Loan vs HELOC: Move-Up Buyer Guide
By Wendy Rawley, Straight Talk. Clear Guidance. Real Results.
(The Wendy Rawley Team)
The Move-Up Dilemma Every Fullerton Homeowner FacesYou've found the perfect home in Fullerton - maybe it's that expanded floor plan in Sunny Hills or the updated kitchen in Amerige Heights - but you haven't sold your current house yet.Do you make your offer contingent on selling? In this market, that's a deal-killer.Most Fullerton sellers are getting multiple offers, and contingent bids almost always lose to clean, non-contingent competition. So what should a move-up buyer do?Two Financing Paths Worth ConsideringWe're seeing two strategies work well for Fullerton homeowners right now: bridge loans and home equity lines of credit (HELOCs).A Fullerton bridge loan is short-term financing (typically 6-12 months) that lets you access your current home's equity to fund a down payment on the n...
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