Buy Your Dream Home Without Selling Yours First

Home Equity Line of Credit (HELOC)

Another viable option is a Home Equity Line of Credit (HELOC), which allows you to borrow against the equity in your current home. A HELOC offers flexibility, as you can draw funds as needed to cover the down payment or other expenses related to purchasing your new home. The interest rates on HELOCs are generally lower than those of bridge loans, making them a cost-effective choice for many homeowners².