A Bridge Loan is a simple interest loan that provides funds to homeowners and business owners, bridging the time gap between the sale of one piece of property and the purchase of another piece of property.

Question

Quizplus · Accepted Answer

A Bridge Loan is indeed designed to provide temporary financing to bridge the gap between the sale of one property and the purchase of another, allowing homeowners or business owners to manage the transition smoothly without having to wait for the first property to sell before purchasing the next.

A Bridge Loan Is a Simple Interest Loan That Provides