Residential Bridge Loan
What is a Bridge Loan? Bridge loan is a short term financing loan option that helps the borrowers to purchase a new property even before selling their currently owned property. These are considered as the short term real estate transactions where a quick funding is needed. They are also called as Interim financing, Gap financing or Swing loans. This gives the borrower the flexibility for the borrower to buy a new home while owning a current home and the mortgage interest rate