Real estate blog entries tagged with bridge loan by Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California (Pre-Approval, First Time Buyer, Fixed Rates)

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Home : Blogs : Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California : Jumbo Lender : Tag "bridge loan"

bridge loan: A Bridge Loan In California - What It Is And Who Needs One - 10/20/09 08:17 PM

Many homeowners and home buyers in California have probably heard of a bridge loan but do not know what it is or who should obtain one.
A bridge loan is usually a short-term loan (usually written for three months to three years) that provides funds to buy real estate from a piece of real property that an owner has an intention of selling, but will not close before escrow closes on the new property.
This transaction is called a bridge loan because these funds "bridge the gap" between the closing of two transactions.

Let's look at an example of a … (7 comments)

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Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California

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