What is a Bridge Loan?
Mortgage brokers often look for ways to increase sales and grow their business. One way to do this is by offering bridge loans to clients. Bridge loans are short-term loans that can help real estate agents close more deals quickly and efficiently. Let us discuss how you can use FLCBank Mortgage’s Bridge Loan products to help your clients close more deals in 2023.
A bridge loan is a short-term financing option that allows borrowers to access funds to purchase a new property while still owning their current one. This type of loan is typically used when the borrower has not yet sold their existing property and needs funds to complete a new purchase. Bridge loans are also known as swing loans or gap loans.
Why Choose FLCBank Mortgage’s Bridge Loan?
As Wholesale mortgage lenders FLCBank offers a variety of bridge loan products that can help real estate agents close more deals. Here’s how:
Competitive Rates and Terms
Our bridge loans offer competitive rates and terms often better than our competitors. As a mortgage broker, you can leverage these loans to provide your clients with the best possible terms, helping them secure their desired real estate and closing more deals.
Quick Approval and Funding
We understand that time is of the essence in real estate transactions. That’s why we offer a streamlined approval and funding process to get your clients the funds they need in as little as 48 hours. This speed can be a significant factor in securing deals and helping your real estate agent partners close more sales.
Flexible Underwriting Guidelines
Our underwriting guidelines are flexible, allowing us to work with many borrowers and properties. We can finance primary residences, second homes, and investment properties, making our bridge loans an excellent solution for various situations.
Expert Support and Resources
Our team of experienced wholesale mortgage lenders, loan officers, and underwriters is always available to provide expert support and resources to help you and your clients navigate the bridge loan process. We pride ourselves on our personalized service and attention to detail, ensuring your clients have a smooth and stress-free experience.
Top Choice Wholesale Mortgage Lenders – FLCBank
In conclusion, bridge loans are an excellent solution for mortgage brokers and real estate agents looking to close more deals in 2023. With FLCBank Mortgage’s competitive rates and terms, quick approval and funding, flexible underwriting guidelines, and expert support and resources, you can help your clients secure their dream homes and increase sales. Contact us today to learn more about our bridge loan products and how we can help you and your real estate agent partners close more deals.