New partnership offers bridge loans to consumers in connection with home sale guarantee program
Chicago, January 31, 2023 /PRNewswire/ — Celebrity Home Loans has partnered with Fortuna to offer exclusive bridge loans to consumers moving from one home to another. A bridge loan allows a consumer to extract equity from a departing residence and use the funds to purchase a new primary residence prior to consummating the sale. Both the bridge loan and the new purchase loan are initiated by the same celebrity loan originator, ensuring a seamless and timely transaction. Homeowners will now be able to buy their next home before selling their current one, and can rest easy knowing they have a celebrity in their corner.
Chairman and CEO of Celebrity, David Robnett“By partnering with Fortuna, Celebrity is creating new ways to make it easier for homeowners to transition from one home to another while adding real value to their realtor partners. We are thrilled to offer this peace of mind and change the way people think about real estate finance.”
President of Fortuna, Eric Meadow “Celebrity partnerships mean that homeowners are not only able to qualify for their new home, but are empowered to move forward without the stress of self-financing their bridge loan needs. We found that owners valued the opportunity to use their equity to fund their portion. Early indications are that this is a real game changer.
About Fortuna Finance
Fortuna Finance is a provider of products and services designed to streamline the home sales process for realtors, lenders and consumers. (HSA) program helps sellers qualify for a new mortgage before closing their current home. Home sellers have up to 90 days after purchasing a new home to sell it to Fortuna. Meanwhile, agents are given more time to sell their current homes for the best price. For more information, please visit www.fortunafinance.com.
About celebrity mortgages
Celebrity is a national independent mortgage banker that finances billions of dollars in mortgages in 49 states and US territories. Celebrity offers a range of mortgage programs along with unique and innovative solutions. For more information, please visit www.celebrityhomeloans.com.
SOURCE Fortuna Finance