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New & Recently Updated

What Are Alternatives to Bridge Loans?

Published – 11/27/2022 Alternatives to bridge loans can include home equity loans and home equity lines of credit, which can both be used like a bridge loan when transitioning from one living situation to another or while waiting for alternate funding... Read More

What Is an Example of a Bridge Loan?

Published – 11/27/2022 One example of how a bridge loan can be used is when an individual needs to pay for residential or assisted living costs while waiting to be approved for long-term funding such as veteran pension benefits, an insurance plan payout... Read More

How Do You Get a Bridge Loan?

Published – 11/27/2022 Bridge loans are used by seniors to cover their care costs while they wait for access to other funds, such as a pension or the proceeds of a property sale. There are roughly 800,000 seniors living in assisted living facilities in... Read More

What Are Bridge Loans Used For?

Published – 11/27/2022 Bridge loans are used by seniors to cover their care costs while they wait for access to other funds, such as a pension or the proceeds of a property sale. There are roughly 800,000 seniors living in assisted living facilities in... Read More

What Is the Interest Rate on a Bridge Loan?

Published – 11/27/2022 A bridge loan’s interest rate usually starts at 1-2% but can go as high as 25-30%. The interest rate on a bridge loan is the fee the borrower pays to the lender to cover its processing costs and enables the lender to make... Read More