You may have heard of bridge loans before. But what are they actually for? Credit.com is going to explain what a bridge loan is and how it can help you.
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For borrowers with bad credit, bridge loans are an attractive alternative to traditional financing when quick funds are needed. The value of the loan is based on the value of the property you use for collateral. This means a few mistakes on your credit history aren’t likely to impact approval or the cost of the loan.
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