Bridge loans are generally taken out when a borrower is looking to upgrade to a bigger home, and haven’t yet sold their current home. A bridge loan essentially "bridges the gap" between the time the old property is sold and the new property is purchased.
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the lender could loan and guarantee them once they produce bid order, letter of credit and invoice discounting. “We have.
A bridge loan is a unique, short-term loan solution that provides the financing you need to transition through one phase of homebuying to another. A bridge loan.
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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.