Bridge Term Definitions

Bridge loans are temporary loans, secured by your existing home, that bridge the gap between the sales price of a new home and the homebuyer’s new mortgage in the event the buyer’s existing home hasn’t yet sold before closing. In other words, you’re effectively borrowing your down payment on the new home.

one of a number of independent high-tensile wires extending from a mast or tower to support the bridge deck; cables arranged by radiating from top mast in fanlike pattern or in parallel Term Caisson