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What is a bridge loan?
I've seen the term bridge loan, but I don't really understand what it means or what is can be used for. Can someone explain this to me?
Asked By Xavier | Santa Fe, NM | 7 views | Finance Legal Info | Updated 1 day ago
Answer(1)
Josephine & Raj Sharma
Legacy Homes Realty
Hi Xavier, A bridge loan gives you temporary cash so you can move forward with a purchase before your existing property sells. Once your current home sells, the bridge loan is paid off.
- 1 day ago
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