Day: August 19, 2019

Is a Bridge Loan an Option for Repeat Homebuyers?

As its name suggests, a bridge loan offers a short-term loan or “bridge” that allows borrowers to purchase new real estate property by using the home they currently own as collateral. Here, realtor.com explains why a bridge loan can be worth considering for borrowers who are trying to buy and sell a home at the same time. What is a bridge loan?

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