Finance
What is a bridge loan in real estate?
AA loan for purchasing properties near bridges
BA short-term loan enabling a buyer to purchase a new home before their current home sells✓ Correct
CA loan connecting two mortgages
DA government grant for infrastructure
Explanation
A bridge loan (swing loan) provides short-term financing to allow a buyer to purchase their new home before their current home closes. It is secured by one or both properties and is repaid when the existing property sells.
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