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Tibor Olah
Sales Representative

Apex Results Realty Inc., Brokerage
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  Sometimes referred to as a swing loans or gap financing, bridge loans provide interim financing for people who are buying another home before they've sold their existing one. Bridge loans are short-term, their principal and interest usually paid off from the proceeds of the sale of the borrower's current home. Because lenders tend to consider them as carrying greater risk than long term financing options, bridge loans typically come with higher interest rates.

Please feel free to contact me if you have more questions regarding bridge loans or other Real Estate questions.

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