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05-21-2021, 07:53 PM #1
- Join Date
- Jun 2015
- Location
- San Diego, California
- Posts
- 40
Bridge Loans California
Bridge loans in California are a popular way to access equity within a property to purchase a new property. The bridge loan allows the real estate owner to secure the new property and then move into it prior to selling their previous property. This allows the real estate owner to avoid the additional cost and hassle of moving twice to use the existing equity in their property. Many property owners are currently using bridge loans California to finance their move out of California and into other lower tax states for retirement.
Bridge loans can be processed in about 2.5 weeks for a residential owner occupied situation. The bridge loan term is usually written for 11 months which should be sufficient time to purchase the new property, move into the new property and then sell the existing property. The sale of the existing property will automatically pay off the bridge loan.
North Coast Financial is an experienced provider of Bridge loans in California.
North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
jeff@northcoastfinancialinc.com
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