HELOC vs. Bridge Loan: What’s the Difference and When to Use Each
Key takeaways HELOC = flexible, revolving credit using your home equity; good for renovations, debt consolidation, or ongoing cash needs Bridge loan = short-term, fast cash to “bridge” a timing gap (e.g., buy-before-you-sell); faster but usually pricier and short-term HELOC risks: variable rates, possible line freezes, and foreclosure if you don’t pay Bridge loan risks: […]