Posted on: 29th Aug, 2013 02:03 am
I have heard of bridge loans. How do they work? Also, do banks and credit unions both provide this type of loan?
Bridge loans are a type of commercial financing. These loans are available quickly and after sometime, you will be able to replace them with other loans that are available at a better rate and term. Though credit unions normally do not provide such loan, most of the major banks have the option of bridge loans.
Hi Guest,
I agree with Niicss that credit unions hardly offer such loans. You should contact the banks if you wish to take out such a loan.
I agree with Niicss that credit unions hardly offer such loans. You should contact the banks if you wish to take out such a loan.