Ready to buy but need time to sell? Move on your terms with a Transitional HELOC.
When you work with Colorado Landmark Realtors, you get access to the Transitional Home Equity Line of Credit (HELOC) program from Elevations Credit Union, the No. 1 credit union mortgage lender in Colorado.
Access your home equity without rushing to sell.
With this customized short-term loan that’s similar to a Bridge Loan, you get access to the equity in your current home so you can make an offer on your next home — without rushing to sell. After your home is sold, the proceeds are applied to pay off your Transitional HELOC.
A Transitional HELOC is a flexible solution.
While Elevations tailors each loan to the buyer’s needs and best interest, consider a Transitional HELOC if:
- Your money is tied up in the equity of your current home.
Fund the down payment or mortgage payments for your next home with a Transitional HELOC — a great option in Colorado where properties are in high demand.
- You need to renovate your current home.
Move out before your home becomes a construction zone so you can boost your home’s value and get ready to sell.
*Offers of credit are subject to credit approval. Available equity is dependent upon the difference between your current home value and your current mortgage balance(s) to include all loans that are secured by your current home.