Now you can buy your new house BEFORE you sell your current home.
making a none contingent offer!
If you as a buyer need the proceeds from the sale of your current home
to
purchase a
new one, this is the loan product for you. expedite the home buying
process with Buy Now/Sell Later Program - a single settlement loan that
eliminates
the need for contingent contracts and the hassle and expense of
multiple
loans.
Here’s how it works:
• Buyers can pledge up to 90% of their current home’s value less
existing
liens
• Our loan provides financing for the purchase plus down payment and
closing
costs, up to the available equity in the current home
• You will have up to 6 months to sell your former residence
• When the home sells and the proceeds prepay our loan to the
approved balance, the loan converts to the terms of the “permanent”
financing
Advantages for you.
• Single settlement saves time and money - one application, one loan,
one
company to handle all the details
• Lower cost than a traditional bridge loan for most borrowers
• Eliminates the need for contingent contracts and expedites the sale
Call Mark lyman today to learn more.
Chevy Chase Bank, F.S.B. and the B.F. Saul Mortgage Company are pledged
to
the letter and spirit of U.S. policy for the achievement of equal
housing
opportunity throughout the United States.
We encourage and support an affirmative advertising and lending program
in
which there are no barriers to obtaining home financing because of
race,
color, religion, sex, handicap, familial status
(e.g., having children), age or national origin.
Mark Lyman
Loan Officer
Office: 240.497.8534 Cell: 240.672.3151
mplyman@bfsaulmortgage.net