Rocket Mortgage, the home lending arm of Rocket Companies, announced Tuesday it will now offer bridge loans, a short-term financing option that helps homeowners tap into their equity while selling their current property.

These loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. There is an increasing interest in this product in today’s competitive housing market, marked by high prices and tight inventory. Some buyers can’t compete without first selling, missing opportunities in the home-buying struggle. 

Rocket clients will have up to six details ⇒

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