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What exactly is a Bridge Loan?

A short-term fixed-rate balloon loan that uses the equity in your current primary home to help fund your next home purchase. Payments are calculated on a 240-month amortization schedule, and the remaining balance is due when your current home sells or at the end of the term.

Have more questions about a Bridge Loan? Start your Bridge Loan conversation with Home Equity Specialist at People Driven Credit Union.

Connect with a Home Equity Specialist