Finance
A Wisconsin 'bridge loan' (swing loan) helps a buyer:
ARefinance their current mortgage at a lower rate
BPurchase a new home before their current home sells, using equity in the current home as collateral✓ Correct
CObtain a government-backed low-interest loan
DBridge the gap between the appraised value and purchase price
Explanation
A bridge loan provides short-term financing allowing a buyer to purchase a new home before their current home sells, typically secured by equity in the current home.
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