Welcome to "Daily Mortgage Rates LIVE," your trusted podcast for up-to-date insights and discussions on all things mortgage rates and financing.
In this episode, we're exploring a financial tool that serves as a critical bridge in the real estate realm—Bridge Loans. A Bridge Loan is a temporary financing option that provides the means to bridge the gap between the purchase of a new home and the sale of your existing one.
Join us as we dissect Bridge Loans, understanding how they work, when they are beneficial, and the considerations to keep in mind when opting for this short-term financial solution. Whether you're a homeowner in transition or a curious listener, this episode offers essential knowledge to navigate the complex landscape of real estate transactions.
Tune in and enrich your understanding on this episode of "Daily Mortgage Rates LIVE."
For more episodes visit https://themortgagecalculator.com/Page/Daily-Mortgage-Rates-LIVE-Video-Podcast
Disclaimers: The principal and interest payment on a $400,000 30-year Fixed-Rate Loan at 6.375% and 80% loan-to-value (LTV) and 760 credit score is $2,495. The Annual Percentage Rate (APR) is 6.722% with estimated finance charge of $10,000. The principal and interest payments, which will continue for 360 months until paid in full, does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 3/5/2024. Subject to borrower approval. Disclosure: All lending products are subject to credit & property approval. Rates, program terms & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply.
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