What is a Bridge Loan and Why You Should Stay Away
What is a Bridge Loan and Why You Should Stay Away
We cover into the misunderstood world of bridge loans and why they have emerged as a top recommendation from experienced REALTORS. If you've ever wondered about the potential benefits and pitfalls of bridge loans, or if your REALTOR has recently advised you to explore this financing option, you're in the right place! #mortgage #mortgagebroker #realestate #bridgeloan
Join us as we unravel the secrets surrounding bridge loans and provide you with valuable insights to make an informed decision. With expert advice and insider knowledge, you'll gain a deeper understanding of how bridge loans can bridge the gap between your current and future home purchases.
As we touch upon the various aspects of bridge loans, we shed light on the potential risks and precautions to be aware of. By understanding these critical factors, you'll be equipped to evaluate whether a bridge loan is the right choice for your unique situation.
Whether you're a first-time homebuyer or a seasoned investor, our video will empower you with essential knowledge to leverage bridge loans effectively. Don't miss this chance to unlock the secrets and explore new horizons in your real estate endeavors.
Subscribe to our channel for more valuable insights and expert recommendations regarding the ever-evolving world of real estate financing!
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Mortgage Matters in Minutes Episode 82
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TIMESTAMPS for What is a Bridge Loan and Why You Should Stay Away:
00:00 - Intro
01:20 - What is a Bridge Loan?
02:29 - Disadvantages of Bridge Loans
02:59 - Bridge Loan Example
04:35 - Essentials to Know about Bridge Loans
05:25 - Conclusion
06:18 - Outro
Licensing info: Brent Rasmussen, NMLS 5918 at Mortgage Specialists, LLC NMLS 2424
For licensing, go to www.nmlsconsumeraccess.org
Address: 8420 W Dodge Road Ste 113, Omaha, NE 68114 Equal Housing Lender
Website: mtg-specialists.com
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Mortgage Specialists, LLC for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Mortgage Specialists, LLC does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Mortgage Specialists, LLC. Mortgage Specialists, LLC and its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Mortgage Specialists, LLC is a limited liability company organized under the laws of the State of Nebraska. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government
agency.
What is a Bridge Loan and Why You Should Stay Away
