finance 1 chapter 11 Flashcards | Quizlet – Finance 1 Chapter 11. Also known as a rollover mortgage, this instrument is short term (five years), with payments based on a 25-30 year period. When the term expires, the lender agrees to rewrite the loan at the then-current interest rate.
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Also known as a swing loan, gap financing, or interim financing, a bridge loan is typically good for a six month period, but can extend up to 12 months. Most bridge loans carry an interest rate roughly 2% above the average fixed-rate product and come with equally high closing costs.
FinAid | Loans | Private Education Loans – Private education loans. advertisement. Private Education Loans, also known as Alternative Education Loans, help bridge the gap between the actual cost of your education and the limited amount the government allows you to borrow in its programs. Private loans are offered by private lenders and there are no federal forms to complete.
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A bridge loan, also known as gap financing or a swing loan, bridges the gap between debt coming due and the time it takes to put long-term financing in place. This type of bridge loan is not to be confused with a commercial bridge loan , which is used for bigger projects like hotels or apartment buildings.