Finance
A bridge loan in Indiana real estate is used to:
AFinance bridge construction adjacent to a property
BProvide short-term financing to help a buyer purchase a new home before their existing home sells✓ Correct
CFund the gap between a home's price and the appraisal value
DCover insurance premiums between closing and the first insurance payment
Explanation
A bridge loan (swing loan) provides short-term financing using the equity in the buyer's current home to fund the purchase of a new home, bridging the gap until the old home sells.
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