Bridge loan
Definition
A short-term loan, usually from a bank, that "bridges" the period between the closing date of a home purchase and the closing date of a home sale. To qualify for a bridge loan, the borrower must have a contract to sell the existing house. Read How Can I Buy Before I Sell?
Related Terms Other terms related to 'Bridge loan' starting with the letter 'B' Buy down, Balance, Buy up, Balloon, Balloon mortgage Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 