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  #1  
Old 08-19-2008, 04:26 PM
ggonzo ggonzo is offline
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Default Bridge Loan
What is Bridge Loan? Did you ever take a bridge loan? Is it wise to do so?
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Old 08-22-2008, 06:40 PM
Canadian Canadian is offline
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A bridge loan is temporary financing you can get your permanent financing. For example if you live in a condo and you buy a house, you can get a bridge loan, which will be partially repaid when your condo is sold. The rest of the bridge loan will be repaid from the permanent financing.
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Old 08-22-2008, 07:02 PM
trent trent is offline
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What do you mean by "is it wise"? You eaither need a bridge loan or you don't.
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Old 08-25-2008, 01:14 PM
ggonzo ggonzo is offline
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Quote:
Originally Posted by trent View Post
What do you mean by "is it wise"? You either need a bridge loan or you don't.
To be honest I didn't know what a bridge loan is in the first place. Now after Canadian explained it make sense.

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Old 08-25-2008, 03:55 PM
Canadian Canadian is offline
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I'm glad I was able to help.
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