Question 1

How quickly can I close on a bridge loan in Glendale?

Accepted Answer

Most bridge loans fund in 10-15 days. Some lenders can close in 7 days if you have strong equity and clean title.

Question 2

What happens if my current home doesn't sell during the bridge period?

Accepted Answer

You can usually extend for 3-6 months with a fee. Some borrowers refinance into a traditional mortgage or rent out the property.

Question 3

Can I get a bridge loan if my current home isn't listed yet?

Accepted Answer

Yes, but lenders want to see it's market-ready. You'll need a pricing strategy and timeline for listing within 30 days.

Question 4

Do I make payments on both the bridge loan and my existing mortgage?

Accepted Answer

Usually the bridge loan pays off your existing mortgage. You'll make one payment covering both properties during the bridge period.

Question 5

Are bridge loans available for investment properties in Glendale?

Accepted Answer

Yes, but most lenders focus on primary residence transitions. For pure investment purchases, hard money loans typically make more sense.

Bridge Loans in Glendale: Fast Financing Between Properties