retired-woman-small-sizeSharon lives in a $1.8 million home in Sausalito with a small mortgage. Though she loves her house, as a retired widow, she wants to downsize, be closer to her grandchildren and find a property with fewer stairs. However, Sharon is hoping to avoid the stress of having to sell her current home before she buys, and is not interested in liquidating her well-earned assets for a down payment on her new home. In addition, her Realtor has suggested a few small renovations to get top dollar for her current house. Sharon’s Realtor referred Sofia, hoping for a creative lending solution, and she was approved for a $950,000 Bridge Loan that will allow her to renovate her home, move before she sells and most importantly reduce her stress level. Once her home sells, she will be able to pay off the bridge loan and enjoy the freedom of being mortgage-free.