What is a Bridge Loan?
- ngramuglia3
- Apr 24, 2023
- 1 min read
A bridge loan is a temporary loan used while permanent financing is being secured. Bridge loans often have higher interest rates. They are most often used when a seller needs funds for a new property before selling their own home.
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A bridge loan is a short-term loan that is utilised while long-term funding is being found. Higher interest rates are common for bridge loans.
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