Bridge Loan

What is a bridge loan?

Bridge Loan Definition: A bridge loan is a short-term loan used to secure financing to pay another financial commitment or obligation. This type of loan provides the borrower with cash flow right away, so they can handle other pressing financial needs, or they can be used as a form of collateral for a business or real estate purchase.

Bridge loans are typically known as bridge financing and often have high-interest rates. These loans are also used to purchase a new asset or property, while the current asset in the borrower’s possession is being sold on the market.

Jul 30 - Comparewise Mortgage Banner

Other mortgage terms:

Mortgage Help Centre:

BlogBrandsCards
How to Get a Shared Equity Mortgage
How to Save for a Mortgage Down Payment
How to Get a Joint Mortgage
How to Use a Mortgage Calculator
nowly
Equitable Bank
Homewise
Crypto.com
Credit Verify
Consolidated Credit Canada
PolicyAdvisor
Walnut Insurance
National Bank Syncro Mastercard
Capital One Guaranteed Secured Mastercard
CIBC Dividend Visa Infinite Card
PC Financial World Elite Mastercard

comparewise

Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!