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  • Will You Add? - Mortgage Loans: Bridge Financing Basics

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    If you are a homeowner trying to sell one home while purchasing another, financing can be a tricky proposition. No one wants to carry two mortgages; even if you could qualify, keeping up on the payments can be difficult. Bridge financing could help you obtain manageable financing to purchase your new home and secure your old home until the sale. Here is what you need to know about your bridge financing options.

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    e a tricky proposition. No one wants to carry two mortgages; even if you could qualify, keeping up on the payments can be difficult. Bridge financing could help you obtain manageable financing to purchase your new home and secure your old home until the sale. Here is what you need to know about your bridge financing options.

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    keeping up on the payments can be difficult. Bridge financing could help you obtain manageable financing to purchase your new home and secure your old home until the sale. Here is what you need to know about your bridge financing options.

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    geable financing to purchase your new home and secure your old home until the sale. Here is what you need to know about your bridge financing options.

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    is what you need to know about your bridge financing options.

    Bridge financing is a short term loan to help you secure financing to purchase you new mortgage while carrying your old home until it sells. Bridge loans are available for up to 90% of the equity in your old home. You use the bridge loan to finance the purchase of your new home and carry both mortgages until the sale of your old home.

    Once you sell your old home yo

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