Bridge Loan For New Construction

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A "bridge loan" is basically a short term loan taken out by a borrower against their current property to finance the purchase of a new property. Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months.

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It’s exciting to have a home built for you, but the intricacy and unfamiliarity of mortgage loans for new construction can temper your enthusiasm.

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Mortgage | Cattle Bank & Trust – Whether you wish to build a new home, purchase an existing property, or refinance your. We can assist you with your move with Bridge Loan Financing.

A bridge loan is a short-term loan that is used until a person or company secures permanent financing or removes an existing obligation, bridging the gap during times when financing is needed but.

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