Sometimes it happens.  You find the perfect home to purchase but as of yet you haven’t sold the home you are vacating.  You realize you need a short term cash flow relief, but are not sure where to get it.  If you are certain that the current home will sell within the market you are located, consider requesting a Bridge Loan.  The bridge loan is specifically set to provide relief and act as a bridge between these type of transactions.  This isn’t the perfect cure all situation and should be carefully considered.  For one thing bridge loans can carry a very high interest rate, although with diligence and superb shopping skills you may find a reasonable rate.  The other downside is that the property you are waiting to sell often becomes the security of the bridge loan.  If for any reason the property doesn’t sell, you not only have some high interest debt to deal with, but your property could be lost.  As with any financial transaction of this nature, seek some professional guidance before signing anything and remember to read each document carefully to be sure that it contains only those items that you specifically agreed to.