A bridge loan can be a way to get short-term funding to pay down a new property without waiting for conventional financing approval. Since they are short-term loans for only a few years, the interest rates are usually much higher. Some lenders may even require collateral. While this can be a good idea in some cases, it may be better to pursue another method of financing.
Our Titan Funding team invites you to learn more about these loans. We will provide a brief overview of when one can be a good idea and conclude with situations with better choices than a bridge loan.
Continue reading “When Should I Not Get a Bridge Loan?”