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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Bridging Loan

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A type of loan used commonly to deal with a gap in time between the purchase of one property and the sale of another. A bank may forward a temporary loan to allow a borrower to purchase a property before they have sold their previous property. Interest rates are notoriously high for this type of loan.

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