JIGSAW PUZZLE LOAN|Jigsaw Investment Partners, INC

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In today’s challenging market your funding partner is more important than ever. We strive to get quick answers to your loan needs and fund on time.

I am regularly asked what exactly our Puzzle Loan is? Basically, it is a homebuyer “Bridge Loan” and to further answer here are some high-level Q&A ……

What is a bridge loan?

Is a short-term loan (usually 11 Months or less) that gives the borrower interim financing until some other event takes place.

What is a Jigsaw Puzzle Loan “homebuyer bridge loan”?

Provides financing to someone who is buying a home but does not have enough time, qualification and or down payment to procure and close a traditional home loan. The homebuyer usually pays upfront points and a higher rate until the permanent loan can be put in place or until another home sells or both. As a “Private Lender” qualification is different than traditional mortgages.

Why would a homebuyer need a igsaw Puzzle “bridge” loan?

Suppose a homeowner finds a new home and to be competitive makes an offer that is NOT contingent on selling their current home. They do not have enough liquid cash for down payment and probably would not qualify with current mortgage, a bridge loan allows them to buy the new home using the equity of their old home before selling it.

How does a borrower pay off a bridge loan?

When their current home sells, they can pay off or pay down the bridge loan and secure new financing.

Key Benefits Of Our Puzzle Loan Program:

We will allow our loan to on the original property to be a second if it warrants leaving current first in place
One loan, simple and cost effective
Two Deeds, one on each property to make recon easy with one Note
Simple valuation by taking both property values and combining. Usually no formal appraisal needed