Buyers can get immediate access to the equity in their current property. Rocket Mortgage, the nation’s largest mortgage lender, has introduced a new bridge loan product aimed at helping homeowners buy ...
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Bridge Loans Can Be a Dangerous Financial Gamble
Bridge loans can seem like the perfect solution when you’re caught between properties, but they can quickly turn into a financial nightmare. I’ve seen this scenario play out too many times, and a ...
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Dallas couple trapped by 10.99% bridge loan
In October 2024, Brenda and her husband from Dallas made what she now calls a “dumb, dumb, dumb decision.” The couple took out a bridge loan at a staggering 10.99% interest to purchase a new property, ...
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