This is a YouTube video titled "Better than a Bridge ⭐️ #mortgage #bridgeloan #bridgeloans #homeloan" created in July 2025. It features Derek McGowan explaining a mortgage program called "Better than a Bridge" by McGowan Mortgages, which helps homeowners use a quick HELOC to buy a new home without contingent offers, making their purchase process smoother and more flexible.
Are you in the market for your new home but you currently own a home and you're having some trouble in the competitive housing market because your offer is contingent. We've got just the program for you. So we have a better than a Bridge with McGowan Mortgages and just like it sounds, it's better than a bridge loan. We can do a quick instant HELOC on your current house, pull out the equity. Now you have the down payment on your new house. You can close move into your new house non contingent to make your offer stand out and then turn around. Sell your current house at your leisure on your pace. As soon as you sell you pay off the heloc. All done. And even better yet if you want to dump that equity and pay off the current loan on the new house, you can do so. The benefit here is you don't get stuck with a higher interest rate bridge loan that make you hold onto for 12 plus months. It can be a quick transaction. Pull the equity, buy the new house, pay it all off. The gallon mortgage is better than a bridge.
