Finance
A 'bridge loan' is used for:
AFinancing commercial bridge construction
BShort-term financing to bridge the gap between selling one home and purchasing another✓ Correct
CLong-term financing for investment properties
DRefinancing a home at a lower interest rate
Explanation
A bridge loan is a short-term loan that helps homeowners 'bridge' the financial gap when they need to buy a new home before their current home has sold. It uses equity in the current home as collateral.
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