Finance
In Maryland, a lender providing a bridge loan to a homebuyer is providing:
AA long-term fixed-rate mortgage
BShort-term financing to bridge the gap between buying a new home and selling the old one✓ Correct
CGovernment-backed construction financing
DA second mortgage that converts to a first mortgage at settlement
Explanation
A bridge loan provides temporary financing to allow a buyer to purchase a new home before their current home is sold, 'bridging' the financial gap.
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