What Is A "Swing Loan"

Wiring issues, tax withholds and deposit clearances a just a few of things that can tie up the proceeds of your sale and hold up your down payment for your next purchase. To avoid the stress and the headache of trying to close two escrows at once, we enter into the discussion of a swing loan. A swing loan is a refinance transaction that will allow you to access the equity in your existing home as cash. The loan will be paid off through an eventual sale. In certain scenarios, there may not even be interest due on that money until you use it as a down payment for your new home. The key to making this work is to speak with me BEFORE listing your home for sale.

To find out more information about swing loans, please call 310-867-3579 or visit the contact page.

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