Finance
What is a 'bridge loan' in Kansas real estate?
AA long-term fixed-rate mortgage
BShort-term financing allowing a buyer to purchase a new property before selling their existing home✓ Correct
CA government-backed loan for first-time buyers
DA loan for commercial bridge construction
Explanation
A bridge loan is short-term financing that allows a homeowner to use equity in their current home to purchase a new property before the existing home sells.
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