what is a bridge loan

Bridge Loans. A " bridge loan " is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

how much tax break for a house how much house can i qualify for 6 simple steps to Figure Out How Much House You Can Afford. – It’s important to know how much home you can afford before you start the house-hunting and mortgage approval processes. Doing so can help limit your search to realistic options, and help you avoid.

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