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Points Explained |
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What are mortgage points and when, if ever, does it make sense to pay them? |
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Fees Explained |
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What are the 'real' costs of my California Mortgage? This will help explain exactly where your money is going - and where it shouldn't be going...
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Others Are Saying... |
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"The service was great and so was my rate! There weren't any hassles at all - they listened to my concerns, answered all of my questions, plus I got a better rate than I expected."
Thanks again,
G. Frederickson
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Bridge Loan Definition
A bridge loan is a type of hard money loan wherein guidelines for approval are general based
more more on the property value rather than the income and credit of the applicant. The
required income and asset documentation is usually lower while the appraisal standards are
emphasized. The term "bridge loan" came about because it is a transitional loan from one
type of mortgage into another. It is a shorter term loan that is designed to be used as interim
captial until the following occurs: The property is sells; The property is refinanced with a
conventional loan; The property is improved or completed.
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Bridge Loan Definition - Find the definition of mortgage loan terms using our
morgage glossary - Apply Online or Call Us Today at 1-888-835-0761...
We don't sell your information to multiple brokers and call it 'competition'
