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Mortgage Professor about bridge loans: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
How Can I Buy Before I Sell?
July 19, 1999, revised January 6, 2006 "I need to use the equity in my existing house to buy a new one, but it looks like I am going to have to close on my new house before I am able to close on my old one?How do I handle this?" I am assuming you have exhausted all ... more... Market Niches Priced on Line All UMLs fill out this form and display it on their web site. Comments by Mortgage Professor Loan Programs Priced On-Line by LENDER X ... more... |
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bridge loans related definitions |
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Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more... Interim Financing Interim Financing A construction loan made during completion of a building or a project. A permanent loan usually replaces this loan after completion. Interim loans are used to bridge the gap between the construction loan and the permanent loan (hence bridge loans) ... more... |
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More about bridge loans For Sale By Owner - Use This Tip To Sell Your Home Quicker and At a Better Price A Simple Strategy to Send Your Child Away to College and Earn Money At the Same Time Uses for Secured Loans California Bad Credit Loans - Exploring FICO Scores Can One Loan Be Best for Any Homeowner From 18-108? Can The Home Loan That is Best For Your Bank Also Be Best Mortgage For You? The History of Business Loans Bad Credit Home Loans or a Bad Credit Personal Loan How Payday Loans Work Tips & Advice On Residential Construction Loans
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