A bridge loan can connect two major financial transactions. For example, if you have sold your home and purchased another, there could be financial responsibilities in the time between that you may not have the resources to accommodate.
In this example, a bridge loan can help you purchase furniture for your new home, help you with closing and moving costs, provide a down payment, or just give you some financial padding so you won’t lose any sleep throughout the process.
Bridge loans can be used as a solution to get you over a temporary hump. If you are in a position where you need a short-term financing option, call us so we can go into further detail about rates and terms.