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When you're set to buy your next house but haven't sold your current one yet, timing can become your biggest hurdle. Our real estate agents at Cressy & Everett Real Estate know the struggles of arranging a smooth move, whether you're looking at South Bend houses on the market or checking out St. Joseph properties for sale. A bridge loan gives you a practical way to move ahead with confidence without having to wait for your current home to sell.
A bridge loan gives you quick cash for a short time by using the value of your current house. This short-term loan helps you buy a new place before selling your old one, lasting six months to a year. The amount you can borrow depends on how much your current home is worth, minus what you still owe on it, and what the lender allows.
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