A bridge loan lets homeowners tap equity in their current house to buy the next one before it sells. Learn how bridge loans are structured, typical terms, costs, risks, and alternatives such as HELOCs and contingent offers.
An assumable mortgage lets a buyer take over the seller’s existing loan, rate and all. Learn which loans qualify, how the assumption process works, how to cover the equity gap, and the risks for buyers and sellers.
What a mortgage rate lock guarantees, typical lock periods and fees, extensions, float-down options, what can break a lock, and how to decide when to lock your rate.