It’s a tough time for millennials to get mortgages, the cornerstone of home ownership for all young families. The government agencies that underwrite the vast bulk of all home loans, Fannie Mae, Freddie Mac, and the FHA, have substantially tightened many credit standards, loc...
Not used much anymore, bridge loans are obtained by those who have not yet sold their previous property, but must close on a purchase property. The bridge loan becomes the source of their funds for the down payment. One reason for their fall from favor is that there are more and more se...