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  2. Bridge loans: What are they and how do they work? - AOL

    www.aol.com/finance/bridge-loans-161837154.html

    Bridge loans are short-term loans that help cover costs during transitional periods, most often the time frame between buying and selling a home. Like a mortgage, you might need to put your home ...

  3. Hard money lending: Guide to hard money loans and lenders - AOL

    www.aol.com/finance/hard-money-lending-guide...

    Hard money loans, also called bridge loans, are short-term loans commonly used by investors, such as house flippers or developers who renovate properties to sell. They might also be a solution if ...

  4. Timing is everything when you're selling one home to purchase another. If all goes well, you'll close on your sale right before you close on the purchase. That way, you can pay off your existing...

  5. Bridge loan - Wikipedia

    en.wikipedia.org/wiki/Bridge_loan

    A bridge loan is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years pending the arrangement of larger or longer-term financing. [ 1 ] [ 2 ] It is usually called a bridging loan in the United Kingdom , [ 3 ] also known as a "caveat loan," and also known in some applications as a swing loan.

  6. Hard money loan - Wikipedia

    en.wikipedia.org/wiki/Hard_money_loan

    The loan amount the hard money lender is able to lend is determined by the ratio of loan amount divided by the value of the property. This is known as the loan to value (LTV). Many hard money lenders will only lend up to 65% of the current value of the property. [3] There is no such thing as 100% LTV for this type of transactions.

  7. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today's world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate.

  8. Should I sell my house before building a new one, or wait ...

    www.aol.com/finance/sell-house-building-one-wait...

    Bridge loan: Short-term bridge loans leverage your current home as collateral and generally last only six to 12 months. Borrowers must be in good financial standing to get this loan, and it ...

  9. Mortgage origination - Wikipedia

    en.wikipedia.org/wiki/Mortgage_origination

    A mortgage loan is a loan in which property or real estate is used as collateral. During this process, borrowers must submit various types of financial information and documentation to a mortgage lender, including tax returns, payment history, credit card information and bank balances.

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