what is bridge loan

Check this

http://www.mortgagefit.com/know-how/bridgeloan-gift.html

Hi smithsara,

A bridge loan is a short term financing option for people who cannot immediately arrange a permanent financing. This helps people meet their immediate cash requirement and other existing financial obligations. These loans are meant for a short term and come with a high rate of interest.

what will be this term?

Could vary from situation to situation

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