Examveda
Examveda

Which of the following statement/s is/are correct about Bridge loan?

A. A bridge loan is short-term financing used until a person or company secures permanent financing or removes an existing obligation

B. Bridge loans are Short-term, typically up to one year

C. Homeowners can use bridge loans toward the purchase of a new home while they wait for their current home to sell

D. All of the above

Answer: Option D


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