Finance
In Kansas, what is a 'swing loan' (also called a bridge loan) typically used for?
ALong-term financing for swing-set installation
BShort-term financing that allows a buyer to purchase a new home while their existing home is being sold✓ Correct
CA government loan program for bridge repairs near properties
DA refinancing product for second mortgages
Explanation
A swing (bridge) loan provides short-term financing to allow homeowners to purchase a new home before completing the sale of their existing property, 'bridging' the gap between transactions.
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