Moving can be expensive, but when the time comes and you need to make it happen, it needs to happen. Whether you are looking to get more living space as your family expands, moving to take a job opportunity, or facing a change of life circumstances, you need to be able to get the funds you need to make the move quickly and easily. If you have been wondering how to receive funds to move with, here are three great options you can use to make it work.
Bridge loans are a great way to cover the cost of moving because they let you get some of the money out of your property even before you close on a sale. Use a bridge loan to pay off your mortgage and provide the moving funds you need to pack up and go. If you have enough equity in your home, you can even manage to get extra to cover a new down payment. Then, when you sell your home, you pay off the bridge loan in the process.
If you have to move because you shared a home with someone who has passed away and the property is to be divided among the heirs, estate loans can provide you with the funds you need. Borrow against your share of the inheritance to cover moving costs with ease.
- Signature Loans/Hard Money Loans
Unsecured loans allow you to borrow against your own income without risking a piece of property as collateral. This tends to give them slightly higher interest fees than other loan types, but it also makes them easy to get if you have the right credit rating, so you can easily cover short-term moving expenses.
For more information about your options for funding a move, talk to North Coast Financial representatives today.