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Swing loan – definition of swing loan by The Free Dictionary – Define swing loan. swing loan synonyms, swing loan pronunciation, swing loan translation, English dictionary definition of swing loan. n. See bridge loan. n. a short-term loan used for interim or emergency financing, as between selling a house and buying another.
But bridge loans aren’t just for investors – traditional homeowners might want to use a bridge loan to help them buy a new house before selling an existing home. Bridge loans for consumers are usually mortgages backed by an existing home. Most bridge loans have terms of 12 months or less.
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What is Swing Loan? definition and meaning – Short-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. also called bridge loan or bridge financing. Use swing loan in a sentence. " It was a swing loan that they were doing and everything was going well for everyone as planned and we were very happy.
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What is swing loan? definition and meaning. – Definition of swing loan: A short term loan that allows a homeowner to purchase a new home before selling the personal residence. Also called a bridge loan or a gap loan.
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