– What is a Bridge Home Loan Program? Bridge loans are short term loans that allow you to tap into the equity of your current home, before it is sold, so that you can use the funds to purchase a new home. A bridge loan can: Give you extra time or flexibility in selling your current home while buying a new one.
home equity credit lines rates Home Equity Lines of Credit Rates – APG Federal Credit Union – The rates stated are available on approved credit. Rates may be different as determined by the individual creditworthiness of each applicant. Not all applicants will qualify for the lowest rate. *home equity line of Credit rates as of January 02, 2019. The introductory rate of.
· The biggest advantage of a bridge loan is that it can allow you to buy a new home without obligating yourself to two mortgage payments at once. If you.