A bridge loan mortgage takes its name from the fact that it “bridges gaps” between financial transactions. For example, a bridge mortgage can provide short-term funds.
Bridge loans are typically paid back once you’ve sold the asset or your pending payout arrives. That makes these loans ideal for completing a variety of financing strategies. But it’s not always easy to find and negotiate this complex home financing product, and many lenders do not offer bridge loans because they don’t make much interest due to the short-term nature of the loan. That’s why MortgageB ’s mortgage brokers are here to help.
Get help with your bridge financing. Get in touch with MortgageB.