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- A bridge loan is a financing option that serves as a source of funding until you get permanent financing or pay off debt. Also known as swing loans, bridge loans are typically short-term loans, lasting an average of 6 months to 1 year. They can be used to finance the purchase of a new home before selling your existing house.www.rocketmortgage.com/learn/bridge-loan
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WebApr 20, 2023 · A bridge loan is a short-term loan that helps you buy a new home before selling your current one. Learn the pros and cons, …
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WebOct 15, 2016 · Bridge loans are temporary mortgages that provide a downpayment for a new home before completing the sale of your current residence. Many buyers today would like to sell their current home...
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