06/16/2026
I’ve been asked a few times recently if we offer bridge loans. We do! But often times it can be difficult to qualify for the new mortgage payment, the existing mortgage, AND the new debt of a bridge loan.
What’s worked for a few clients lately is doing a RECAST instead. It’s structured like this - they’re putting the minimum 5% down while qualifying with their current mortgage payment. Once they sell their old home, they apply a large lump sum payment towards principal then we reamortize or, “recast,” their monthly mortgage payment. Some think of it as a, “down-payment,” after the dust settles from closing.
The benefits are this:
#1. Submitting offers going non-contingent.
#2. Avoiding the additional monthly payment from a bridge loan.
#3. Qualifying for a higher price range because of avoiding #2.
If you have any questions when it comes to a bridge loan or a recast, I’d be happy to help. 812-499-5029.