Question 1

How long does a bridge loan last?

Accepted Answer

Most bridge loans run 6 to 12 months. That gives you time to sell your current home and pay off the bridge.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the point. You borrow against your current home's equity before it sells.

Question 3

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

Accepted Answer

Talk to your lender early — extensions are sometimes possible. A clear pricing strategy on your sale matters from day one.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates than standard mortgages. Rates vary by borrower profile and market conditions.

Question 5

Can I use a bridge loan in La Habra for an investment property?

Accepted Answer

Yes. Bridge loans work for both primary residences and investment properties. Lender terms differ for each.

Question 6

How is a bridge loan different from a HELOC?

Accepted Answer

A HELOC is a revolving credit line. A bridge loan is a lump-sum short-term loan designed specifically for a property transition.

Bridge Loans in La Habra, CA — Buy Before You Sell