This short-term financing option acts as a bridge, bridging the gap between your Mortgage and the down payment for your new home.
A bridge loan, offered by lenders like the Toenjes Team at Peoples Mortgage, is a convenient temporary solution to cover your costs until you sell your current property. Unlike traditional mortgages, bridge loans typically have shorter terms (lasting six months to a year) and might come with slightly higher interest rates.
Ready to explore if a bridge loan is right for you? Rest assured, Peoples Mortgage is here to guide you through the requirements and lending process, helping you find the perfect loan for your Arizona real estate goals.
Give us a call at (480) 237-8144 or use the form below to get started.
Get started today by contacting Justin Toenjes or feel free to ask us questions about the loan process.
Get started today with the Toenjes Team at Peoples Mortgage by scheduling an appointment.
Work with one of the best loan officers in the Phoenix metropolitan area and experience the most efficient loan process available.
We work hard to find the best loan to fit your personal needs, plus coordinate with you and your Realtor to make the mortgage process as simple as possible.
Additional loan using home equity as collateral, often used for major expenses or debt consolidation.
Possible, but may come with higher interest rates and require additional documentation or a larger down payment.
Ratio of monthly debt (including proposed mortgage payment) to income; higher ratios may limit loan options or increase interest rates.
Generally allowed without penalties, but terms vary; check with your lender.
Holding accounts for property taxes, insurance, and sometimes homeowners association fees, managed by the lender.
Compare rates, fees, customer service, reputation, and loan options from multiple lenders to find the best fit.
LO Licensing: Justin Toenjes, AZ LO-0912116 CA-DFPI167048 CO-100032832 FL-LO118111 ID-MLO-2080167048 NV-68467 TX NMLS-167048
Peoples Mortgage – 2055 E Centennial Cir, Tempe, AZ. 85284
LO Licensing: Kathi Alosi, AZ LO-0914249 NMLS-259189
Peoples Mortgage – 11201 N Tatum Blvd, Suite 140, Phoenix, AZ 85028
Company Licensing: Peoples Mortgage Company, A DBA of Moria Development, Inc. AZ 0904164 California – RMLA4130661, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act : www.peoplesmortgage.com/privacy-policy CO, Regulated by the Division of Real Estate FL-MLD1223 ID – MBL-2080006274 NV-4200 TX peoplesmortgage.com/license NMLS-6274
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