Bridge Loans/Short-term financing - My CCNB

Bridge Loans/Short-term financing

Bridge loans and short-term loans (12 months or less) allow buyers to purchase property while waiting on funds from other sources, such as the sale of other property, which will eventually pay the loan off. Both loans are typically “interest-only” to lessen the payment burden and may or may not involve also taking a lien on a property listed for sale. These options are only utilized when the borrower has a clear, defined strategy to pay off the loan within 12 months.

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To use our secure online portal, you’ll first establish a user name and password. After completion, you can begin a new application, resume an existing application, upload documents, accept electronic disclosures, and more, when it’s convenient for you.

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Not sure where to start?
CCNB’s mortgage specialists will use our ‘We Can Do That!’ spirit to help you get moving!

Here are some additional resources, especially for first-time homebuyers:
• The Mortgage Process
• Tips for first time home buyer
• Tips Every Home Buyer Should Know

Have more questions? No worries, we have answers!
Click below to contact a CCNB mortgage representative to schedule a complimentary, no-obligation consultation with one of our mortgage specialists.