A Bridge to your Dream Home.
A Bridge Loan is a short-term loan that helps you “bridge” the gap between the purchase or construction of your new home and the sale of your current home.
Benefits of a Bridge Loan:
- Make an offer that doesn’t require selling your current home first.
- Gives you more time to move from one house to another.
- No prepayment penalties, you may pay off the loan at any time.
- Eliminate paying Private Mortgage Insurance (PMI).
- Avoid liquidating 401(k) or other investments.
