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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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Swing Loan

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Often referred to as a bridging loan, this is a loan taken out by some borrowers to deal with the purchase of a property before the completion of the sale of the previous property. A swing loan normally has a very high interest rate but is for a short period of time, so this is not always a large issue.

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