A »A bridge loan is a short-term financing option that helps buyers "bridge" the gap between buying a new property and selling their existing one. It provides quick access to funds, allowing you to secure a new home without waiting for your current property to sell. Typically, bridge loans have higher interest rates and are meant to be paid off within a year, ideally when your old home sells.

A »A bridge loan is a short-term loan used to finance a property purchase before securing long-term financing. It bridges the gap between the purchase and sale of properties, providing immediate funds. Borrowers use it to buy a new property before selling their existing one, with the loan typically repaid when the existing property is sold.