Personal lending guide
Bridge financing is a short-term borrowing concept used to manage a timing gap between transactions. The repayment source and deadline matter as much as the amount borrowed.
Write down the transaction that creates the need, the date funds are required, and the event expected to repay the borrowing. For a home move, that might involve coordinating a purchase and a sale. Identify what happens if the expected transaction takes longer than planned or produces less cash than expected.
Ask a lender whether this type of financing is currently offered, what documentation is required, how the term and repayment structure work, and which costs apply if the expected exit is delayed. Request the terms in writing and compare the repayment date with the dates in your purchase, sale, or other agreements.
Do not rely on an expected sale, refinance, or future approval until it is completed and documented. Consider independent legal, tax, and financial advice for transactions with significant timing or collateral risk.
Product availability, eligibility, rates, fees, collateral, and terms are subject to current underwriting and written disclosures.
