Group: Terrier. Origin: United States of America. Pit Bull, Pit, Apbt. Sometime during the nineteenth century, dog fanciers in England, Ireland and Scotland began to experiment with crosses between Bulldogs and Terriers, looking for a dog that combined the gameness of the terrier with the strength and athleticism of the Bulldog.
A bridge loan is interim financing for an individual or business until permanent financing or the next stage of financing is obtained. Money from the new financing is generally used to take out (i.e. to pay back) the bridge loan, as well as other capitalization needs.
This type of financing is a hefty short-term loan that bridges you over the period when you own and are paying for two homes. To obtain bridge financing, you have to present your financial institution with two firm offers â one for your current house and one for your next home. You should be able to obtain financing of 80 percent to 90 percent of the value of your equity in your current home in the form of a mortgage.