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What is a bridging loan? A way to buy a new house before selling the old one
May 7, 2022
What is a bridging loan? As the name suggests, bridging loans offer a short-term or “bridge” loan that allows borrowers to purchase new real estate using the home they currently own as collateral. A bridge loan is definitely worth considering for borrowers trying to buy and sell a house at the same time.
Brokers see fewer bids on homes as ...