Last week, I blogged about timing. This week, I wanted to touch on something that Tim has mentioned before in his Mortgage Monday posts: bridge financing. From the legal standpoint, bridging makes your move go much more smoothly. If you have bridge financing in place, I can close your purchase before your sale is closed,… Continue reading Bridging
Tag: bridge loan
What is a Bridge Loan?
A bridge loan, at least in regards to residental real estate, is a short term loan that is usually used to bridge the gap between the closing date of a property being purchased and the closing date of the property being sold. This can happen for a number of reasons (the seller of the new… Continue reading What is a Bridge Loan?