Bridge Loans in Connecticut: How to Unlock Home Equity to Buy Before You Sell
HomeLight
DECEMBER 5, 2023
A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI).
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