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Should I Get a Digital Mortgage?

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

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It seems so easy: Just download an application on your smartphone, spend 10 to 15 minutes inputting some information, and in minutes you’re pre-approved for a loan to buy a house. Digital mortgage products are coming to a neighborhood near you, but not all digital mortgage platforms are created equal.

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“There’s a mix of lenders right now,” said Tendayi Kapfidze, chief economist at LendingTree. “There are some lenders that have an almost completely digital process, and some lenders who have a partial digital process. But, ultimately, the industry as a whole, from application to underwriting and processing the application, is moving toward a digital structure.”

For some borrowers this could mean a much faster process with fewer documents — but it’s important to understand how the digital loan process works before you decide if you should get a digital mortgage.

What is a digital mortgage?

There is no uniform definition of a digital mortgage. Some lenders have digitized only the initial application process, while others have streamlined the processes to the point where borrowers need to provide little more than an initial application and e-signatures — the rest of the verification is done automatically.

According to a recent survey by Fannie Mae, the primary reason that consumers want a digital mortgage experience is to reduce the amount of paperwork they have to provide. Because mortgages need to verify their borrowers’ income, assets and credit, it’s not uncommon to provide dozens, if not hundreds, of pages of documents to obtain a final approval.

All of the regulatory changes of the past decade have resulted in new mandatory forms that can easily bring the total page count of an initial loan package to 80 pages or more. Being able to e-sign can save printer ink, paper and above all, time and paperwork stress overload.

Here we’ll discuss how the different parts of the loan process have been digitized, and what you can expect from each.

The digital loan process

The digital mortgage approval process is not that different from the standard process of getting pre-approved for a home loan. Your income, credit and assets still need to be verified; the lender still has to determine the market value of the house you are buying; the title officer still needs to review the ownership history to make sure you can take possession of the home without any problems.

What’s different is how much paperwork, if any, you’ll need to provide to complete your loan.

The digital loan application

Most loan officers will be able to give you access to a link to apply for your mortgage online. The lender will be automatically notified by email when the application is finished, and the loan officer can often provide you with an automated approval decision within minutes of the completion of the application.

You may be able to fill out the application from a smartphone, but in most cases it will be easier to complete the loan on a desktop or laptop. Many digital loan application sites will also give you the option to begin uploading initial documents like paystubs, W-2s and bank statements, so the loan officer can give you a solid pre-approval.

A growing number of lenders actually have a dedicated app that you can download to your smartphone to fill out the application quickly. Some of the apps will allow you to access data about the status of your application, so you know what’s going on at every step of the loan process.

Digital disclosure signing

Once you’ve shopped around for your mortgage loan and found a company you want to work with, they’ll send you loan disclosures. These include a loan estimate that outlines the preliminary costs of your loan, as well as the interest rate and monthly payment.

Besides the loan estimate, you will need to review several other federal forms, and there may be disclosures specific to the type of loan you are taking out. Some states have forms as well. You can scroll through and read each document, and once you’re done, e-sign the documents to let the loan officer know you wish to proceed with the full processing of your loan approval.

Digital loan documentation gathering

Once your loan officer has provided you with an automated pre-approval, you’ll need to provide all the documentation that is required. Most often, this will require at least a current paystub and W2, and a current bank statement.

Depending on who you bank with, and how large your employer is, some lenders may be able to access your information through your employer’s automated employment services platform. They might also be able to access your banking information through a digitized platform that gives them access to your bank balances and transaction history.

In a perfect digital world, this could mean that you wouldn’t have to provide any income or asset documentation at all to be approved for a loan.

Digital communications throughout the process

You can expect to be notified by email or text, or both, throughout the process in the digital mortgage lending world. Messages may include correspondence directly from the loan underwriter regarding any items outstanding with your approval, as well as milestone updates on the closing timeline, and any pending deadlines like your contract closing or lock expiration date.

Many of the new digital apps will allow you to check on the status of your loan in real time, with the same access to the loan information that is provided to the loan processor.

Appraising your home the digital way

Fannie Mae and Freddie Mac have re-introduced an option that allows for a loan to be approved without a full appraisal. If your property receives a Fannie Mae property inspection waiver (PIW) or a Freddie Mac automated collateral evaluation (ACE), you may not need to have an appraisal.

That’s great news for a few reasons. First, obviously, is the savings of $350 to $700 on the appraisal fee. Second is not having to wait the 7 to 10 days it can take to complete a traditional appraisal, which requires an inspector to evaluate not just the property you are buying, but comparable properties, while condensing the findings into a 40-page report called a uniform residential appraisal report (URAR).

Title work the digital way

Title insurance is required on any mortgage loan to protect the lender, and ultimately you, from claims against the property you are buying due to claims against a prior owner. Like all of the other digital processes, lenders have begun offering a digital version of title work.

Not all title companies are participating in digital signings, and the title company has to have special authorization to perform extra due diligence since you’ll be signing without being present in person — creating an addition layer of fraud risk for the title company.

The digital closing process

The digital closing disclosure process is very similar to the digital loan estimate disclosure process. The only difference between the loan estimate and the closing disclosure is that the loan costs are finalized, and once you’ve signed a closing disclosure, very few changes can be made.

Once the closing disclosure goes out, most lenders still require you to sign in person at a title company, in front of a notary, and provide a picture identification to an attorney or escrow officer who will witness your signature on the loan documents. Once the package is signed, the lender sends the wire of the loan funds, and the property records into your name and you receive your keys.

The digital closing allows you to sign the entire package electronically. That means you can sign wherever you are with e-signatures, and once the signing is complete, the lender funds the loan and authorizes the recording of the property into your name, and you officially become a homeowner.

When a digital loan makes sense for you

Digital loans hold a lot of promise for borrowers who have simple income, work for a large employer, and keep at least an amount equal to their down payment plus closing costs in the bank. Here are some characteristics of borrowers that will benefit the most from a digital mortgage experience.

Stable salaried or hourly income

If you’ve been on the job for two years and have stable or moderately growing income, the automated system will very likely only require a current pay stub. If you work for an employer that uses a third party employer verification system like “The Work Number,” it’s very possible you won’t have to provide any income documentation at all.

Down payment in the bank for two months

If you keep an average balance in your account that is about equal to what you’ll need for your down payment and closing costs, the automated system may only require a current bank statement. If you use a large national bank, some digital lenders may be able to access your balance and transaction history, and not require you to provide any bank statements at all.

Good credit

The higher your credit score is, the more likely you are to have very few conditions required by the automated underwriting system.

You are buying in a strong real estate market

If values in the area you are buying are steady or increasing, and you are making at least a 20% down payment, it’s very likely you won’t need an appraisal. The automated system can track recent closed sales from public records and if the property you are buying is priced within a reasonable range of those sales, you may be eligible for the appraisal waiver.

You are taking title individually

As long as you aren’t taking title in a trust or some type of business entity like an LLCs, the digital title option should be the simplest possible.

When you shouldn’t get a digital mortgage

If you’ve got income, credit or down payment challenges, lenders may end up having to take a more traditional approach to your loan approval. You’ll probably still be able to e-sign most of your documents, but other parts of your process will require more work and documentation on your part.

Income fluctuations and employment instability

If you’re new on the job, have had more than three jobs in the last two years, or have had large fluctuations in your income, you’ll need to provide extra documentation and explanations in order to obtain a final approval.

The same is true if you are self-employed — more than likely you’ll need to provide tax returns and profit and loss statements to show your income history and how the income is flowing currently. Commission, bonus and fixed income like retirement and Social Security may also require additional documentation.

Large deposits or gifted down payments

If you’ve recently deposited a large sum of money into your account, or are getting a gift for your down payment, the lender will require additional documentation for your approval. This will likely include a letter of explanation for where the funds came from for large deposits, and a paper trail of gift funds including a gift letter, and proof the donor had the funds on hand to gift to you.

Retirement fund liquidations, 401k loans or the sale of a vehicle for a down payment will also require additional documentation.

Credit issues

Low credit scores, or major derogatory events like bankruptcies and foreclosures, will require much more documentation and explanation, and may even require an exception by an underwriter to obtain approval.

Any of the above is likely to trigger a full appraisal requirement

If credit, income or down payment sources are challenging, more than likely the lender will require a full appraisal inspection. The lender will want to make sure the collateral for their loan is more solid, if they are making a loan to a borrower that has a higher risk of defaulting due to weaknesses in other parts of their loan application.

There are also property types that may trigger a full appraisal requirement, such as condominiums, multi-family properties, and any type of fix-up property. Keep in mind if you start off looking at single-family-residence and you are approved for an appraisal waiver, but end up buying a condo or other type of property, you could end up having to pay for an appraisal to finish the loan.

How to have a positive digital mortgage experience

There are a number of tips that will help improve your digital mortgage experience, as long as you’re prepared to do a little more work to fill out the most accurate and complete loan application possible. Although you may need minimal documents to close your loan, there are still a number of checks and balances the lender will make along the way, and any discrepancy from the information you provide could trigger a request for additional documents.

Here are a few things to watch for:

Provide accurate employer information and employment dates

Since digital mortgages are checking information against your employer’s database, you’ll need to make sure you provide accurate contact information, and start and end dates for the last two years of employment.

Be sure to use pre-tax income for your monthly pay — if there is a substantial difference between the pay you list on your application and the amount that is digitally verified, you could end up having to provide more income documentation and explanations for the difference.

Only add banking information for accounts you’ll use for your down payment and costs

If you have other asset accounts that aren’t needed for your down payment or closing costs, don’t list them on the application. Cash value life insurance accounts, IRAs or 401ks are only needed if you will be drawing money from them for your down payment.

Advantages and disadvantages of a digital mortgage

The table below provides a side by side comparison of the advantages and disadvantages based on the different parts of the loan process. Not all lenders are offering a fully digital experience, so use this table as a reference point when you’re talking to lenders about the digital process they currently offer for mortgage lending.

Digital loan processAdvantageDisadvantage
Loan applicationFaster decisions and ability to upload documents with initial applicationMay have compatibility problems with different devices and browser issues as well
Loan shoppingCompletely digital, with quick decisions and fee sheets generated by multiple lendersRequires the same information be input each time — any discrepancies in input could lead to inaccurate rate quotes
Loan documentationMay require little to no documentation, depending on employer and current bankAny variations in income stability or asset balances may trigger additional documentation requirements
Appraisal waiverMay not need an appraisal at allYou don’t get the valuable market information provided by a full appraisal
Digital title preparationAllows for e-signing of closing documentsLimited number of title companies participating means you may lose choice to shop for competitive rates
Closing document preparationStreamlined e-sign process means less signatures and a faster closing processAny changes to program, property, loan amount, price or closing costs could result in a traditional mortgage closing process
Final signing and closingMay allow for e-signing of closing documents, including deed of trust and noteLimited number of companies offer, and potential for identity theft since borrower signatures are not witnessed by someone in person

Final thoughts and conclusions

Although computer algorithms and digital processes can simplify the mortgage approval process, it’s not likely artificial intelligence will replace the value of a human loan officer. There are simply too many different chapters in most people’s financial histories, and although digital mortgages hold promise for a simpler process for the most qualified borrowers, anyone who has had bumps in their financial road will still benefit from a combination of digital improvements and the guidance of a knowledgeable loan officer.

One final caveat about digital mortgage lending: Be sure to check on the credentials of anyone you’re talking to if you’re only looking at online lenders. Applying for a mortgage requires you to provide more personal information than any other loan transaction you will make in your lifetime.

That means that hackers and identity thieves will go to great lengths to get access to your information by advertising themselves as digital lenders or loan officers. You should always verify the license of both the company and any loan officer you are talking to by going to the Nationwide Multistate Licensing System (NMLS) consumer access page — if an online lender contacts you first, ask them for a phone number to call them back, and verify it before you start giving them any financial information.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

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Getting Preapproved for a Mortgage: A Crucial First Step

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.


Getting a mortgage preapproval is a crucial stepping stone on your way to becoming a homeowner, but it doesn’t mean you’re in the clear to borrow from a lender just yet. A preapproval does give you a leg up over the competition, though.

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What is a mortgage preapproval?

A mortgage preapproval means a lender has vetted your credit and finances and has made an initial loan offer based on its findings. Lenders share this information in writing, so you may hear it referred to as a preapproval letter.

Getting prequalified for a home loan is not the same as a preapproval. Mortgage prequalification provides a rough estimate of how much you might qualify for, based on a surface-level review of your financial information.

A preapproval, however, is a more thorough vetting of your finances and provides a more accurate idea of what a lender may offer in terms of a loan amount and interest rate. You provide financial documentation and agree to a review of your credit profile, which means the lender will pull your credit reports and scores. With a prequalification, you typically self-report your financial information and lenders don’t check your credit.

5 steps to getting preapproved for a mortgage

It’s not worth falling in love with a house until you know the sales price matches up with a mortgage amount you can realistically afford. Here’s how to get preapproved for a mortgage.

  1. Determine your homebuying timeline. The best time to apply for a mortgage preapproval is before you start house hunting. You may want to hold off on a preapproval if you’re not quite ready to begin the homebuying process. Even if you’re not yet prepared, you can get started by pulling your free credit reports from each bureau at and reviewing minimum mortgage requirements.
  2. Review and improve your credit profile. With your credit reports in hand, it’s time to look for areas of improvement. The minimum credit score you need for a mortgage varies by program type, but you’ll need at least a 620 credit score in many cases. Dispute any inaccurate information you find, keep your credit card balances low and consistently pay your bills on time. Refrain from applying for new credit and closing any of your existing accounts, too.
  3. Pay down your debt. Pay down your debt. Aside from your credit scores, lenders care about how you manage your debt now and how you’ll fare if you get a mortgage. Your debt-to-income ratio, or the percentage of your gross monthly income used to repay debt, should stay at or below 43%. The less debt you have, the less risky you appear to lenders.
  4. Gather your documents. Lenders will request several documents from you for a preapproval, including:
    • Government-issued photo ID
    • Social Security number
    • Bank statements from the last 60 days
    • Pay stubs from the last 30 days
    • Two years of W-2s or 1099 tax forms
    • Credit reports and scores from all three bureaus
  5. Apply with multiple lenders. Consider banks, credit unions, mortgage brokers and nonbank lenders when applying for a mortgage preapproval, and shop around with three to five lenders to get the best rates. Additionally, keep your shopping period within 14 to 45 days to minimize the impact of those credit inquiries against your credit scores.

How long does a mortgage preapproval last?

A mortgage preapproval typically lasts for 30 to 60 days. The average time to close on a house is 48 days, according to Ellie Mae’s latest Origination Insight Report, so there’s a chance you can get through the full homebuying process before time runs out.

If your preapproval letter expires before you close, you’ll need to go through the process again, submit documentation and have your credit reports and scores pulled, which creates a new credit inquiry and affects your score.

Pros and cons of mortgage preapproval

The mortgage preapproval process includes several benefits, but there are also drawbacks to consider.


  • You’ll get a better idea of how much house you could afford, which helps narrow down your price range.
  • Home sellers take you more seriously because you’ll have proof that a lender is willing to back you when you submit an offer.
  • You can comparison shop before committing to a lender.
  • Even if your preapproval is denied, you may walk away with an analysis of where you stand financially and how you can improve.


  • A preapproval is not a full approval. It doesn’t guarantee you’ll qualify for a mortgage.
  • Preapprovals typically last for 30 to 60 days. If you don’t buy a home within this time frame, you’ll need a new mortgage preapproval letter.
  • Making changes that affect your credit, such as applying for a new credit line or racking up debt, can prevent you from getting a full mortgage approval.

What happens after you get preapproved for a mortgage?

Once you’ve been preapproved and have chosen a mortgage lender, it’s time to find your home and submit an offer to buy it. You’ll also continue working your way through the mortgage approval process, which includes:

  • Providing your lender with any additional documents needed to finalize your loan.
  • Getting a home appraisal and home inspection.
  • Preparing for your walk-through and closing day.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

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Bridge Loans: What They Are and How They Work

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

If you’re shopping for a home in a hot real estate market, you might find that sellers aren’t willing to wait for you to sell your home before you buy. In that case, a bridge loan can help you purchase your next home without the pressure of selling yours first.

Before you take the plunge into the bridge lending world, learn the ins and outs with this guide to understanding bridge loans.

What is a bridge loan?

A bridge loan is a short-term mortgage you can use to access equity in a home you are selling in order to purchase a new home. Bridge loans are commonly used in tight housing markets where bidding wars demand competitive purchase offers without any contingencies.

How does a bridge loan work?

Bridge loans work in two different ways — as a first mortgage to pay off your current loan and fund the down payment of a new house, or as a second mortgage, with the money applied to the down payment of a new home. Let’s explore how each of these work.

First mortgage bridge loan: One large loan is taken out for up to 80% of your home’s value. The funds are initially used to pay off the current mortgage balance. Any extra money leftover is used toward the down payment for your new home.

Second mortgage bridge loan: This option involves borrowing the difference between your current loan balance and up to 80% of your home’s value. The mortgage on your current loan is left alone, and the second mortgage bridge funds are applied to the down payment on the home you’re buying.

Here’s an example of how each option would look if your current home is worth $350,000 with an outstanding loan balance of $200,000, assuming you borrow 80% of your current home’s value.

Bridge loan optionMaximum loan amountHow funds are applied
First mortgage bridge loan$280,000$200,000 to current loan payoff

$80,000 to down payment new home
Second mortgage bridge loan$80,000$80,000 to down payment new home

Pros and cons of buying a home with a bridge loan


Tap home equity while your home is for sale. A bridge loan lets you tap the equity you’ve built in your current home while it’s for sale to buy a new home. Standard lending guidelines for conventional loans don’t allow cash-out refinancing on a property listed for sale.

Avoid making an extra move. A bridge loan allows you to move while your current home is still being sold so you’re not stuck finding a temporary place to live if you can’t time both sales perfectly.

Pay off the balance of your current loan and get extra cash. If you have a significant amount of equity in your home, you may be able to pay off your current mortgage while you wait for your home to sell. You can then use any extra cash toward a bigger down payment on your new home. This prevents you from paying two mortgage payments until your old home is sold.

Use bridge funds as a second mortgage to buy your new home. If your current mortgage rate is low, paying the entire balance off with a bridge loan doesn’t make sense. If you borrow the equity you have you in your current home as a second mortgage, you’ll have a lower bridge loan balance and payment.

Buy a new home without waiting for your current home to sell. A bridge loan eliminates the need for a home sale contingency, making your offer more competitive in a tight housing market.

Make interest-only payments until your home sells. Some bridge loan programs offer an interest-only option, which means you pay only the interest charges accruing each month. The interest rate may be slightly higher, but it will soften the impact of having two monthly mortgage payments.


You’ll make two or three mortgage payments. Once you borrow against your equity and buy your new home, you’ll be carrying at least two, possibly three monthly mortgage payments, depending on how you use the bridge loan. This can add up fast and become unsustainable.

Higher interest rates and closing costs. Like most short-term lending options, bridge loans come with higher interest rates and closing costs. Lenders charge higher rates and fees to make it worth their while because you are borrowing only for a short time. You might have trouble making the payments on both mortgages if you have a hard time selling your current home.

Increases the risk of defaulting on two mortgages. Bridge lenders expect you will be able to pay off the loan within a year. If the balance isn’t paid by then, they can foreclose on your home. As a result, your credit and finances will take a massive hit, and you might be unable to repay the mortgages on both homes.

Need substantial equity to qualify. Bridge loans are not a viable choice if you don’t have a good chunk of equity in your home. You can borrow up to 80% of the value of your home, so if you’re in an area where neighborhood values have dropped, you’ll want to come up with alternative financing.

Not as regulated as traditional mortgages. When regulatory reform was passed, it was intended to focus on long-term loan commitments to protect borrowers from taking out loans they couldn’t repay. The new rules don’t apply to temporary or bridge loans with terms of 12 months or less, meaning you’ll have less protection.

How to qualify for a bridge loan

Bridge loans are specialty mortgage loans, and they aren’t approved based on the same standards as a regular mortgage. Lenders that offer these loans have a few extra qualifying hoops for you to jump through, and rates and fees vary depending on property type, too.

Here are some key qualifying requirements unique to bridge loans:

Enough income to cover multiple mortgage payments

Bridge lending guidelines are often set by private investors or are specialized programs offered by institutional banks. That means they can create their own guidelines. Some bridge lenders may not count your current mortgage payment against you because they approve the loan knowing your intent is to pay it off quickly.

Other lenders will require you to qualify with both loans, which could mean you can’t tap into the full amount of your equity unless you have enough income.

At least 20% equity in your current home

Bridge loans work best if you have more than 20% equity, but the bare minimum requirement is 20%. If you don’t, it’s unlikely you’ll qualify for a bridge loan.

A commitment to paying off the loan quickly

Bridge lenders will scrutinize the home you are selling more than the home you are buying to make sure it’s priced to sell within bridge loan’s term period, usually 6 to 12 months. An appraisal will be required on your current home, and if the value comes in significantly lower than what your asking price is, your loan amount will be reduced.

Average closing costs for a bridge loan

Bridge loan closing costs typically range from 1.5% to 3% of the loan amount, and rates can be as high as 8% and 10% depending on your credit profile and how much you are borrowing. Beware of any lender that asks for an upfront deposit to approve a bridge loan; they probably aren’t a legitimate lending source and you should steer clear.

How to find a bridge loan lender

Bridge lending is a niche product, so not every lender will offer the option. You’ll need to shop around with mortgage brokers and institutional banks. Also, ask your current mortgage broker or loan officer whether they have experience closing bridge loans.

Work with a legitimate, licensed loan officer. You can check licensing requirements for all 50 states with the Nationwide Multistate Licensing System Consumer Access link. Type in your loan officer’s name or company information. Here are examples of lenders who may offer bridge loans:

Institutional lenders

Start with your local bank to discuss their bridge loan programs. If you have a substantial amount of deposits with a bank, the bridge loan terms might be more flexible and approval might go more smoothly.

Alternative lenders

Mortgage brokers and mortgage bankers often have relationships with alternative lenders. They can often find a bridge loan source if your current bank doesn’t offer them.

Hard money lenders

A hard money loan may be a good fit for bridge financing to purchase fix-and-flip investment property. Hard money lenders are often private investors, or groups of private investors, looking for high returns on short-term real estate loans. Interest rates can run into the double digits, and you can expect a prepayment penalty and fees range between 2% to 10%, depending on how risky your credit profile is.

Alternatives to using a bridge loan

You can do some advance planning to avoid needing a bridge loan, or at least limit how much bridge financing you need to purchase a home. Here are some other options to consider:

Use an existing home equity line of credit (HELOC)

If you already have a HELOC on your home before you start searching for a new home, you can use the HELOC toward a down payment on your new home. Typically there are no limitations on how you can use HELOC funds. A few drawbacks: You might have to pay a close-out fee when your home sells and the HELOC is paid off and closed, and you won’t get a mortgage interest tax deduction on the extra borrowed equity. You also risk losing your home if you can’t repay the loan because your home is serving as collateral for the loan.

Take out a 401(k) loan

Your retirement savings account can be another tool to bridge the gap in financing, and the rates and payment may be significantly less than what you’ll pay for a bridge loan. Check with your plan provider for any restrictions on loans for home purchases. It may be more cost-effective to take out a 401(k) loan to avoid the closing costs and high interest rates that come with a bridge loan.

The drawback to a 401(k) loan is that the borrowed money is taken from your retirement savings and won’t be working for you in the market. Consider this option only if you plan to repay the loan immediately after your current home sells.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.