We don’t hear as much about Bridge Loans as we used to, and though they were nearly nonexistent for a while they seem to be creeping back into favor. A bridge loan may not be the most financially prudent option, interest rates are higher and the amount of time you will carry the loan is uncertain. But in the long-run it might be just what you need to get you where you want to be.
I’ve had a few people inquire about Bridge Loans and Reverse Mortgages lately. I’m not a mortgage expert, nor do I claim to be familiar with more than rudimentary mortgage procedure but in my business, I do come across lots of knowledgeable people you can talk to. Give me a call if you need additional information, I’m always happy to help. 602-999-0952
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