Mortgage Terms Explained: Bridge Loan
| Money : Mortgages A bridge loan, is bridging loan, is actually quite a descriptive term. It refers to a loan that bridges the gap often experienced by those in a chain - between the time where they purchase their new home and the sale of their current home. The money lets them close on the new home whilst their current house is being sold. The standard length of such a loan is six months - enough time hopefully to sell the old house and realise the capital.
 Questions about mortgages:
|
|
