Every once in a while people need a bridge to get them from point A to point B. This can be required for any number of reasons from divorce, less than perfect credit, unable to accurately prove income due to self employment, fix & flip or need to take advantage of an opportunity.

Bridge loans are also described as private or hard money loans. While not inexpensive they do service their purpose in helping those who need it obtain financing when they would otherwise not have it. However take note that these are not long term solutions and should only be used as a bridge to get you from where you are to where you want to go.

In most cases these loans are interest only so you are not paying down any of the principal. So once your credit … Read more