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Loans | River City Bank – Bridge Loans. River City Bank’s Bridge Loans greatly simplify the process of purchasing a new home and selling an old one. With this product, River City Bank will take a mortgage on your new home being purchased, as well as the remaining equity in your current home.
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Bridge Loans | Union Bank & Trust – Bridge loans (also called swing loans or gap financing) are short-term, temporary loans that secure a purchase until longer term financing is arranged. The loan is secured to your existing home and will provide you with the necessary funds to finance your new home, with the intention that it will be repaid with the proceeds from the sale of.
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