Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

Bridge Loan Mean

Author Message
Icon Mini Profile marklavender1





Joined: 13 Sep 2009

Posts: 120

-0.14 Dollars($)
Post Posted: Mon Sep 28, 2009 12:14 am    Post subject: Bridge Loan Mean
Like 0
Dislike 0

What Does Bridge Loan Mean?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Mon Sep 28, 2009 1:46 am    Post subject:
Like 0
Dislike 0

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.
_________________
Good is the Enemy of Great.
Icon Mini Profile stev998





Joined: 27 Sep 2009

Posts: 19

-0.12 Dollars($)
Post Posted: Mon Sep 28, 2009 11:43 am    Post subject: rep
Like 0
Dislike 0



[System detected duplicate content; converted into image. Thanks.]
Icon Mini Profile stevecomish





Joined: 16 Sep 2009

Posts: 48

0.08 Dollars($)
Post Posted: Tue Sep 29, 2009 10:59 pm    Post subject:
Like 0
Dislike 0



[System detected duplicate content; converted into image. Thanks.]
Icon Mini Profile frankmcdowell2000





Joined: 07 Sep 2009

Posts: 57

0.00 Dollars($)
Post Posted: Thu Oct 01, 2009 6:42 am    Post subject:
Like 0
Dislike 0

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.
Icon Mini Profile leeelliot61





Joined: 13 Sep 2009

Posts: 188

0.01 Dollars($)
Post Posted: Tue Oct 06, 2009 4:53 am    Post subject:
Like 0
Dislike 0

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.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.081 seconds.