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Bridge Loans and Home Purchase Bridge Loans | The Truth About. – Bridge Loans. A " bridge loan " is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.
What You Need to Know About Bridge Loans | Debt | US News – A bridge loan is a short-term loan used in both commercial and residential real estate. Homebuyers sometimes take out bridge loans, which will give them the money to help them buy a home, before.
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How to Buy and Sell a Home at the Same Time-Without Losing Your Mind – Unless you’re a bona fide house. bridge loan allows you to own two homes simultaneously if you don’t have deep pockets for a second down payment. This option is especially attractive if you’d.