Gap financing
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Gap financing is a term mostly associated with mortgage loans or property loans. It is an interim loan given by a bank to a person until they can get money from somewhere else, often so that they are able to buy another house before they sell their own.
Gap financing is a term mostly associated with mortgage loans or property loans. It is an interim loan given by a bank to a person until they can get money from somewhere else, often so that they are able to buy another house before they sell their own.
References
Text derived from https://en.wikipedia.org/w/index.php?oldid=1360676708 under CC BY-SA 4.0; modifications have been made.