definition of a bridge loan

Bridge loans can help borrowers move from one home to the next, but they can be dangerous. A bridge loan usually runs for six-month terms and is secured by the borrower’s old home.

Cons of a bridge loan. bridge loans carry some serious risks, however. The biggest one is the risk of foreclosure. Because your old home is the security on your bridge loan, the lender could foreclose on the home if you default on your loan.

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Loan Basics Learn the language of loans. From key credit ratios to the various types of loans that you or your business can obtain to help you grow.

Bridge Loan Definition. Bridge loans, also commonly called "swing loans" or "gap financing," provide short-term financing to "bridge" the gap while an individual or a company secures more permanent financing. These short-term loans offer immediate cash flow for users who need to meet obligations while they set up their long-term.

A bridge loan, also called a swing loan or gap financing, is a short-term loan used to buy assets or covers obligations until longer-term financing is found. Both consumers and businesses use bridge loans. homebuyers often use bridge loans to cover the purchase of a new property before the sale of the prior home,

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Securities-based lending is the practice of making loans using securities as collateral. Securities-based lending (SBL) provides ready access to capital that can be used for almost any purpose.

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WHAT IS A BRIDGE LOAN ? Definition of bridge loan in the Definitions.net dictionary. Meaning of bridge loan. What does bridge loan mean? Information and translations of bridge loan in the most comprehensive dictionary definitions resource on the web.

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