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Home Bridge Loans: Buy Home of Your Dreams

Home Bridge Loans: Buy Home of Your Dreams

Bridge loans are useful when a home buyer is buying another home before selling an existing home. Funds from the bridge loan are then used to buy a new home before selling current one. Bridge loans are meant to be short-term loans; most are expected to be paid back within few months. Before considering the option of bridge loan one should think about other options if available as high interest rates on bridge loan and short time period can cause stress.

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