Question 1

How long does a bridge loan last in Scotts Valley?

Accepted Answer

Most bridge loans run 6 to 12 months. That's enough time to sell your current home and pay off the loan.

Question 2

Do I make monthly payments on a bridge loan?

Accepted Answer

Most bridge loans are interest-only. Payments are lower, and you pay off the principal when your home sells.

Question 3

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

Accepted Answer

Yes. Lenders just want confidence you can sell. Strong equity and a realistic plan are what matter most.

Question 4

How is a bridge loan different from a HELOC?

Accepted Answer

A HELOC takes longer to set up and requires your home to be paid down. A bridge loan closes faster and uses equity more directly.

Question 5

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

Accepted Answer

You'll need to refinance or extend the loan. Talk to your broker about extension options before you close.

Question 6

Are bridge loans available for non-owner-occupied homes?

Accepted Answer

Yes. Bridge loans work for investment properties too. Underwriting terms may differ from owner-occupied deals.

Bridge Loans in Scotts Valley, CA