Question 1

How long does a bridge loan last?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions if your property hasn't sold.

Question 2

Can I use a bridge loan in Belvedere without selling first?

Accepted Answer

Yes. That's the point. You borrow against your current home's equity to fund the new purchase before you sell.

Question 3

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

Accepted Answer

You'll need an exit strategy — a sale, refinance, or extension. Discuss this with your broker before you close.

Question 4

Are bridge loans harder to qualify for than conventional loans?

Accepted Answer

They're different, not necessarily harder. Lenders focus heavily on equity and exit strategy, less on monthly debt ratios.

Question 5

Do I carry two mortgages with a bridge loan?

Accepted Answer

Often yes, for a short period. Some bridge structures pay off your existing mortgage — ask your broker which structure fits.

Question 6

How fast can a bridge loan close in Belvedere?

Accepted Answer

Many private and wholesale bridge loans close in 10 to 21 days. Speed depends on the lender and your documentation.

Bridge Loans in Belvedere, CA