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are you a first-time home seller do you feel you need to sell your existing home to purchase your next home hi Im Kurt Clements with exp Realty in the Far West suburbs of Chicago there are two mortgage options that may be your solution to remove your home sale contingency on your offer option one a home equity line of credit commonly known as a HELOC a HELOC is an economical option if you have a lot of equity in your home with this option you must set up this financing before listing your home for sale option two a bridge loan while generally more costly than a HELOC a bridge loan allows you to borrow against your homes Equity while your home is for sale in addition you may not have to make monthly payments regardless of the options remember that all loan programs are lender specific what are your thoughts please leave your comments in the section below or better yet please feel free to docHub out watch for our next video when we present how a rent back option helps you purchase your