Renee Hentschel Blanket Mortgages Are Bridge Loans A Good Idea

Are Bridge Loans A Good Idea

Bridge loans is one of those financial terms that. because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also. A bridge loan is a short-term loan used in both commercial and residential real estate.

Commercial Bridge Loan Rates What Banks Do Bridge Loans protected equity loan bridge Loan Requirements Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.