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Bridge loan payoff caught me off guard in the best way
Used a bridge loan to close on our new place in Austin before selling the old house. Thought the exit fee would eat us alive, like 3% or more. Turns out the lender we picked charged a flat $1,250 if we paid within 45 days. Sold the old place in 3 weeks, paid it off, and saved about $4,800 compared to the other quotes. Anyone else find smaller local banks way more flexible on bridge terms than the big online guys?
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