How to Use the Equity on Your Current Home on Your New Home

The Pacific Northwest’s spring real estate market is off to a strong start, but inventory remains much lower than this same time last year. Let’s look at Bellevue for reference: In February, there were just 0.3 months of supply (nearly 90% lower than this same time last year) and homes spent an average of eight days on the market, selling for 110% of the asking price. Rising interest rates and more hikes expected throughout the year can diminish purchasing power. You may be wondering if it’s the right time to buy, but we’re here to remind you that where there’s a will, there’s a way. In this blog, we’re diving into the world of Bridge Loans and exploring how to use the equity on your current home toward your new home. To explain this option in detail, we asked Premier Lender Lysa Catlin to share her insights in the following video:

Whether you’re ready to jump in and start your home search before interest rates rise again or wait it out and see what happens, we’d love to talk to you about your options when the time is right for you.