Definition
Bridge Loan
Short-term financing allowing a buyer to purchase before selling an existing property.
Nearby terms
Bank Statement Loan
A non-QM programme qualifying self-employed borrowers on 12 to 24 months of deposits rather than tax returns.
Basis Point
One hundredth of a percentage point.
Buydown
Paying upfront to reduce the interest rate, either permanently (discount points) or temporarily (a 2-1 or 3-2-1 structure).
Cap
A limit on how much an ARM rate can change at first adjustment, at each subsequent adjustment, and over the life of the loan.
Ready when you are
See your real numbers before you fall in love with a house.
Live rates, a full cost breakdown, and a pre-approval you can shop with. It takes a few minutes and it does not lock you into anything.
No fee · No obligation · Pre-approval typically under an hour · Call or text 24/7 · NMLS 2705737