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A bridge loan permits the buyer to take fairness out of the current house and use it as down fee on the brand new residence, with the expectation that the present house will shut within a brief time frame and the bridge loan might be repaid. - A bridge mortgage is often obtained by builders to hold a undertaking whereas permit approval is sought. The at the moment owned home will not close until after the close of the new residence.<br>
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Version du 17 septembre 2021 à 20:46


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