Finance
A Kansas homebuyer uses a bridge loan. This type of loan is typically used to:
AFinance the construction of a new home
BProvide interim financing until permanent financing or the sale of another property is completed✓ Correct
CFinance properties near bridges and waterways
DConvert an adjustable rate to a fixed rate
Explanation
A bridge loan provides short-term interim financing — often allowing a buyer to purchase a new home before selling their existing home, with the existing home serving as collateral.
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