1 - Inquire directly with a bridge loan lender, such as Better Mortgage or Freedom Mortgage, to see financing options and if you qualify.
2 - Apply to get pre-approved for a bridge loan with the lender of your choice, while searching with your Compass agent for your next home.
3 - If approved for a bridge loan, learn more about getting the first six months of your bridge loan payments fronted via the Bridge Loan Advance by Notable, an independent lender.
4 - If needed, use your approved bridge loan to strengthen your bid on a new home.
5 - Move into your new home while your Compass agent works to sell your current home. Use Compass Concierge home improvement services to sell your home faster and for more money.
6 - When your old home sells, simply use the proceeds to pay back the bridge loan and Bridge Loan Advance.