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marklavender1 · Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)

What Does Bridge Loan Mean?

Niicss · Posted: Mon Sep 28, 2009 1:46 am Post subject:

A bridge loan is a short-term loan taken out for a period of 2 weeks to 3 years. A bridge loan is an interim financing for an individual or business until the next stage of financing can be obtained.

stev998 · Joined: 27 Sep 2009 Posts: 19 -0.12 Dollars($)

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stevecomish · Joined: 16 Sep 2009 Posts: 48 0.08 Dollars($)

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frankmcdowell2000 · Joined: 07 Sep 2009 Posts: 57 0.00 Dollars($)

hi marklavender,

bridge loan is a short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow.

leeelliot61 · Joined: 13 Sep 2009 Posts: 188 0.01 Dollars($)

hi mark,

When a home buyer is buying another home before selling an existing home, two common ways to find the down payment for the move-up home is through financing either a bridge loan or a home equity loan.

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