Bridging Loan Financial Glossary

What is it? If a house purchase involves the sale of one property and the purchase of another its normally best if the two deals happen at exactly the same time. If this is not possible and the purchase of the second property happens before the sale of the first is completed then another loan may be needed. This additional loan is a called a bridging loan and bridges the gap between the two house transactions.

Finance Term Definition Added By: Madison

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