Question 1

How long do bridge loans last in Rolling Hills?

Accepted Answer

Most run 6-12 months with one extension option. Luxury estate sales justify longer terms than typical residential bridges.

Question 2

What if my current home doesn't sell in time?

Accepted Answer

You can refinance into a long-term loan or extend the bridge for 3-6 months. Lenders expect this possibility on high-value properties.

Question 3

Can I get a bridge loan with an existing mortgage?

Accepted Answer

Yes, lenders use combined loan-to-value across both properties. You need enough equity to cover their maximum LTV requirement.

Question 4

Do bridge loans require monthly principal payments?

Accepted Answer

No, most are interest-only. You pay off the full balance when your current home sells.

Question 5

What happens if property values drop during the bridge period?

Accepted Answer

Your obligation stays the same. Lenders require equity cushion at funding to protect against normal market fluctuations.

Bridge Loans in Rolling Hills: Fast Financing for High-Value Estate Transitions