Now there's a way to make real estate transactions faster and easier. Republic Bank's
new Contingency Relief Loan gives you an edge at the negotiating table by eliminating the need to make a contingency offer.
It's easier with a new Republic Bank Contingency Relief Loan:
Eliminates need for you to make contingency offers requiring the sale of your existing home
Use the equity in your existing home to buy your dream home
Is a 12-month, fixed rate, interest-only loan secured by the value of your existing home*
Has a fixed interest rate of prime + 0.25%
Leverages your existing property as collateral (unlike a bridge loan which involves two properties)
Borrow up to 90% of the value of your existing home
Provides down payment on new home purchase and possibly money left for repairs to their current home
Does not require pre-existing Republic Bank mortgage or other account
Take the stress out of home buying with a Republic Bank Contingency Relief Loan.
Interested in a Contingency Relief Loan?
Complete the form below and a mortgage specialist will be in touch shortly.
Republic Bank & Trust Company Loan Originator ID #402606.
* As of 1/4/2019: $360,000 twelve month fixed rate loan, 6.952% Annual Percentage Rate (APR) with 12 interest only payments of $1725.00. 90% maximum LTV.
Offer and rates subject to change. Loan subject to underwriting and approval. Additional restrictions apply. Limited time offer. Republic Bank & Trust Company Loan Originator ID #402606.