Real Estate Dictionary



  Bridge Loan

A form of second trust that is collateralized by the borrower's present home (which is usually for sale) in a manner that allows the proceeds to be used for closing on a new house before the present home is sold. Also known as "swing loan."

 

[ Back To Real Estate Glossary ]

We Are a Member of These Fine Organizations
Maine Commercial Association of Realtors
International Business Brokers Association
Bangor Region Chamber of Commerce
The National Association of Realtors


Commercial Listings | Custom Search | About Us | Our Services | Our Customers | Closed Sales | Contact Us | Mortgage Calculator | Real Estate Dictionary | City & Town Links | Useful Web Sites | Real Estate News | Weather Report | Relocation Guide | Home Page | Our Agents
Website design and hosting by iHOUSE ®

Site Admin Menu