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Welcome - Get the best real estate listings & homes for sale, expert advice, local info, and much more from a Bridgewater, Basking Ridge and Somerset County, New Jersey NUMBER1EXPERT(S) Top Selling real estate agent(s). Contact John Bendall today! Find Bridgewater, Basking Ridge and Somerset County Homes - Find Bridgewater, Basking Ridge and Somerset County, New Jersey real estate listings & homes for sale provided by John Bendall, your local expert real estate agent(s). For Home Buyers - Get home buying information, the latest listings, mortgage information, expert advice, and much more from John Bendall, a Bridgewater, Basking Ridge and Somerset County, New Jersey NUMBER1EXPERT(S) Top Selling real estate agent(s). For Home Sellers - Get home selling information, fsbo information, expert advice, find out what your home and other homes in your neighborhood are selling for, and much more from John Bendall, Bridgewater, Basking Ridge and Somerset County, New Jersey NUMBER1EXPERT(S) Top Selling real estate agent(s). Bridgewater, Basking Ridge and Somerset County Information - Find local information on Bridgewater, Basking Ridge and Somerset County, New Jersey including schools reports, local maps and links, things to do, area photos, and relocation information. Local information provided by John Bendall, NUMBER1EXPERT(S) Top Selling real estate agent(s). Real Estate Resources - Find real estate related resources including real estate news, tips, dictionary, trivia, mortgage calculators and information, local real estate related services, and much more from John Bendall, Bridgewater, Basking Ridge and Somerset County, New Jersey NUMBER1EXPERT(S) Top Selling real estate agent(s). About John Bendall - Information about John Bendall including testimonials, guarantees, credentials, and contact information. Learn about NUMBER1EXPERT(S) Top Selling real estate agent(s) like John Bendall in the Bridgewater, Basking Ridge and Somerset County, New Jersey area.
Financing Your Home >Bridge Loans
What if you hear one day that the house you have coveted for years is on the market. Out of curiosity, you might call your real estate agent and arrange to see if the inside of your dream house is as terrific as the outside. It is, and you fall in love with the place. The sellers need a relatively fast settlement, and are not in a position to accept an offer that is contingent on selling your home before closing on the new one. While you are confident your house will sell fairly quickly, you cannot be sure in a fluctuating market.
A bridge loan might be your solution. Many lenders specialize in providing short term loans for just this type of situation. The principal and interest is paid back when you close the sale of your present house. If the market in your area is strong and there is a good possibility of selling your home quickly, or if you are willing to offer your home at a price that will make it attractive in a sluggish market, then a bridge loan is a tool that could make the home you love a real possibility. A good real estate agent and a knowledgeable loan officer are the team you need to work it out.
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| Q |
What does the term ARM stand for?
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| A |
An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market. |
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