Swing Loan

• This loan is to be used for the interim purchase of a new residence prior to the sale of the existing property.
• Financing available for up to 90% of the appraised value or $100,000, provided that no other mortgage liens exist or 80% of the appraised value or established equity of $100,000 if an existing first mortgage has been recorded.
• Interest only payments available for up to 12 months.