What is a bridge loan and how does it work?
Bridge loans can help borrowers move from one home to the next, but do have potential downsides.
5 min read
Jun 17, 2025
Erik J. Martin
Contributor, Personal Finance
EXPERTISE
- Personal finance
- Mortgages
- Housing market
- Home improvement
- Credit cards
EDUCATION
- Bachelor of Arts, Loyola University Chicago
- Dale Carnegie Training
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
Erik J.'s latest articles
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What is a prepayment penalty?
This fee is meant to discourage you from settling your mortgage early.
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When is it time to lower the price of your house? Here’s how to tell
How long should your house be on the market before you reduce the price?
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Pros and cons of a balance transfer
Balance transfers are useful tools in wiping out high APR debt with responsible use.
8 min read Jun 04, 2025 -
Is it safe to add a credit card to my digital wallet?
Digital wallets are growing in popularity, but is it safe to add your card info?
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What is a co-op? A complete guide
When you buy a house or condo, you technically own property. Co-ops work differently.
6 min read May 29, 2025 -
How to report revenue on a business card application
Business credit card application will ask about your revenue. What should you report?
5 min read May 21, 2025 -
How much flood insurance do mortgage lenders require?
If you need a mortgage for a home in a flood zone, your lender will likely require you to purchase flood insurance.
4 min read May 20, 2025