Mortgages
Bridge Loan (Swing Financing)
A short-term interim loan secured by a homeowner’s existing property that unlocks trapped equity to fund the down payment on a new home before the current property sells.
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Financial Industry Glossary & Underwriting Guide
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Terms Starting With "B"
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Bi-Weekly Accelerated Mortgage Payment
An accelerated mortgage payoff strategy where a homeowner pays half of their regular monthly principal-and-interest payment every two weeks, resulting in 26 half-payments (13 full monthly payments) per year.