Question:

Where can I get information about bridge loan (swing loan)?

Answer:

Before you get into a bridge loan agreement, research the yellow pages or the internet for information about bridge loan (swing loan) lenders. A bridge loan lender may be a bank, but usually bridge loan money come from a private lending institution or investment group.

Bridge loans (swing loans) are also possible to be accessed by brokers. The best way to get information about bridge loan (swing loan) is to contact an experienced broker. Brokers' job is to know different loans offered by lenders, and may be a good starting point to finding a bridge loan lender and an appropriate loan.

Bridge loans do come a lot more expensive than conventional loans; however, in a slow real estate market, a bridge loan will make a difference and you will not have to turn down an offer for a house you'd like to get only because your previous property has not yet been sold.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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