Bridge Loan Mean

A bridge loan is a short-term loan taken out for a period of 2 weeks to 3 years. A bridge loan is an interim financing for an individual or business until the next stage of financing can be obtained.

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hi marklavender,

bridge loan is a short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow.

hi mark,

when a home buyer is buying another home before selling an existing home, two common ways to find the down payment for the move-up home is through financing either a bridge loan or a home equity loan.