Finance
A NH bridge loan allows a homeowner to:
AFinance a bridge over a property's stream
BPurchase a new home before selling their existing home, using the current home's equity as collateral✓ Correct
CObtain a loan without a down payment
DRefinance after 6 months
Explanation
A bridge loan is a short-term loan that provides temporary financing to buy a new home before the sale of an existing home closes. It 'bridges' the gap, using the existing home's equity as collateral.
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