Opes Advisors Debuts Residential Bridge Loan Program

Posted by Orb Staff on May 21, 2013 No Comments
Categories : Residential Mortgage

Opes Advisors, a wealth management and mortgage banking firm based in Palo Alto, Calif., has launched a new bridge loan program designed for current homeowners who are looking to purchase a new home before they have sold their current residence.

Under the program, a current homeowner can access up to 80% of the equity in his or her home to help fund the down payment on a new home. The loans are short-term, fixed-rate, interest-only products with no monthly payments due.

Using a bridge loan in this way can ‘help clients make an attractive offer on a new home that is not contingent on the sale of their current home,’ explains Susan McHan, CEO and president of Opes Advisors' mortgage banking division.

Register here to receive our Latest Headlines email newsletter




Leave a Comment