what is a bridge mortgage

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What is a bridge loan? It’s a mortgage that allows you to purchase new property by using the home you currently own as collateral.

Citizens National Bank's 30 year fixed rate residential mortgage loans are. A bridge loan is best suited to the customer who finds their dream home but has not .

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A bridge loan is a type of short-term loan that "bridges" the gap between selling your existing home and putting a down payment on a new home. They can be handy if you suddenly need to move to a new home before you have the opportunity to sell your previous home.

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Such statements include those relating to the terms and completion or non-completion of the proposed transaction with Cryptologic, the rate of interest applicable to the bridge loan from time to time,

We offer a wide variety of Mortgage Loans at Kentucky Bank, including those for. A Bridge Loan is designed to help purchase a home using the equity from an.

NEW YORK, Sept. 18, 2013 /PRNewswire via COMTEX/ — Trevian Capital, a direct lender that provides flexible and reliable short-term bridge loans for commercial real estate opportunities nationwide,

First, bridge loans are temporary loans secured by some type of asset, usually a home. The name bridge loan describes them quite well. The bridge refers to the gap between one loan and the other when you don’t have any capital.

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Bridge Loans for Home Purchases. A bridge loan is a type of short-term loan offered by lenders that allows you to "bridge" the gap between the sale of your old residence and the long term.

A bridge loan application can be just as lengthy as a first mortgage loan, and there are not many lenders who willingly offer bridge loans on a regular basis. For this reason you may have to do some research before you can find a lender who will have a bridge loan application for you to fill out.

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