Bridge loans are loans given for a short period of time granted by a bank or an agency against the equity of the property you are selling. This loan would help you to bridge the gap between the period of realization of the sales proceeds and paying money to buy a new home. The bridge loan will be given to you as a short term loan to buy your new home so you can move in even before the payment is realized on the sale of the first home. This loan acts as a bridge between the realization of sales proceeds and paying of money for a new home.
A bridge Loan may be a commercial bridge loan or loan for the purchase of a house or apartment or land. Bridge loans are a flexible form of financing, helping you achieve your goals.
Fewer Modestly-Priced Homes For Sale Hits Florida First Time Buyers
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