
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.
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.
Bridge loans can help borrowers move from one home to the next, but do have potential downsides.
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