Seth Wallace
Seth Wallace
360-556-3326
Associate Broker
Van Dorm Realty Inc.
Olympia Wa Real Estate
Olympia Homes For Sale, Olympia Real Estate For Sale
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  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."

 

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