When Should I Not Get a Bridge Loan?

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.

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What Are the Pros and Cons of an Adjustable-Rate Mortgage?

An adjustable-rate mortgage, or ARM, is a loan with a low-interest rate for the first three to 10 years, after which the interest rate is adjusted upward. This type of loan is in contrast to a fixed-rate mortgage, where the interest rate remains constant throughout the loan period. Fixed-rate mortgages are usually for a 30-year term, but the term can be as low as 15 or 20 years.

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