A bridge loan is a type of short-term loan that may be used in real estate transactions when the buyer lacks the funds to finance the purchase of the new property without the prior sale of the first property.
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Short Term Loan Low Interest Bridge Funding Definition Apply For A bridge loan bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.nyack sketch log: coplan’s Cool Ride (To A Lower Carbon Footprint) – Columbia Law School’s Mike Gerrard has started a climate scientist defense fund project to provide legal representation. Now that the bike lane on the new Tappan Zee bridge is supposed to open, I.