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Expert Insights: What Is a Bridge Loan?

Expert Insights: What Is a Bridge Loan?

It is a short-term bank loan of the equity in the home you are selling. You may take out a bridge loan, or interim financing, to help with a knotty situation: closing on the home you are buying before you close on the property you are selling. This loan basically...
Expert Insights: Any Advice on Negotiating?

Expert Insights: Any Advice on Negotiating?

Be patient, know your home’s worth, adopt a positive attitude and do not let emotions—anger, pride, greed or prejudice—get in the way of negotiating the best deal. Your home obviously means a lot to you, but you have already made the decision to move on, so begin to...
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