While the ideal set-up would be for a buyer to sell their home before entering into a new one, this is not always possible on properties with multiple offers or that stay on the market for only a few weeks, or even days. Bridge financing offers a solution during these tricky transitions. These specialized short-term loans provide added, oftentimes necessary, funds to homeowners between homes when they want to jump on their next property before their existing residence has been sold. Conversely, if a property sells quickly, a bridge loan can prevent the homeowner from having to rent or pay for storage while they look for their next home.
