Do you need a Bridge Loan!?
Updated: May 5, 2020
Have you ever tried to purchase a property, but when you are negotiating the purchase the dates to do not line up?
This is very common when one is selling a property and purchasing another. Essentially what happens, is the borrower will require the funds for the portion of which was to come from the sale of their other property in advance of that purchase completing.
There are THREE major components of a bridge loan and NOT all banks or lenders administer them. Here's a quick breakdown of the how and when!