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The Benefits of Bridge Loans
One of the primary benefits of bridge loans is their ability to provide liquidity when you need it most. If you've found your ideal property but are still waiting to sell your current home, a bridge loan can provide the funds necessary to make a down payment and secure your new residence. This financial flexibility means you won't miss out on a great opportunity due to timing issues. Additionally, bridge loans often come with interest-only payment options, making them more manageable during the transitional period2.