How do bridge loans work?

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They can save the day for homebuyers in a pinch, but those looking for a bridge loan to span the gap between the sale of an old home and the purchase of a new one should ask if the cost is worth it.

Written by
Zach Wichter
Mortgage reporter
Zach Wichter is a mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy.
Edited by
Mortgage editor