Cons
Interest. Although they are short-term, bridge loans have interest rates that are often higher than the interest rate you may be used to paying with your current mortgage.
Borrowing Power. Not an option for everyone because lenders typically require borrowers to have at least 20% home equity
Cost. Borrowers must pay debt service on the bridge loan in addition to their current mortgage. If your sales agreement falls through on your current house, you may have to pay two mortgages until a sale is finalized.