Highland Mortgage's Debt Reduction Bridge Loan: Unlock Your Dream Home and Clear Your Debt

DEBT REDUCTION BRIDGE LOAN

Buying a new home while juggling personal debt can feel incredibly stressful. Highland Mortgage's innovative Debt Reduction Bridge Loan offers a unique solution to simplify the process. This loan allows you to finance your new home's down payment while simultaneously paying off existing personal debts like credit cards and auto loans. The best part? You'll enjoy zero interest and zero monthly payments during the bridge period.

Here's how it works:

• Finance your down payment: Use the bridge loan to cover the down payment on your new home.

• Eliminate existing debt: Simultaneously pay off high-interest debts such as credit cards or auto loans.

• No monthly payments during the transition: Enjoy a payment-free period while you focus on settling into your new home.

This streamlined approach allows you to secure your new home and achieve significant debt reduction in one smooth transaction.

Program Overview:

To qualify for Highland Mortgage's Debt Reduction Bridge Loan, certain criteria must be met:

• Minimum Credit Score: 720

• Maximum Combined Loan-to-Value (LTV): 80% on your existing home (the one you'll be selling).

• Bridge Loan Usage: The bridge loan must contribute to the down payment on your new home; it cannot be solely used for debt payoff.

• Mortgage Provider: You must use Highland Mortgage for the purchase loan of your new home.

• Departure Residence Requirement: Your existing home must be listed for sale or have an executed listing agreement in place prior to closing on your new home.

Contact me today to learn more and see if this innovative solution is right for you!