What Is A Bridge Loan?

What Is A Bridge Loan?

If you need to sell your home in order to purchase your next home, one thing to keep in mind is that you can do what’s called a bridge loan.

And what this is, essentially, is that it allows you to purchase another home first before actually closing on the sale of your current home, because you would have enough equity in your current home that would allow you to do so.

Of course, there are certain qualifications that need to be met in order for this to work, but if you have any questions or are further interested it, please comment below.

Please share with anyone you think would be helpful to and as always, close with Patrice.

This has been “What Is A Bridge Loan?” by Patrice Henderson of Designed Living Real Estate. Be sure to subscribe to her YouTube channel for all your real estate tips, home tours and advice.

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