Realtor Jargon:
Interim financing -
Short-term financing used by sellers to bridge the gap between the sale of one house and the purchase of another (also known as bridge or swing loans). A construction loan is also a form of interim financing.


Closing
The final procedure in which loan and title documents are signed between the buyer and seller and their respective representation.


Click a link below for related topics



For a more indepth definition or explanation of Closing and how it affects your real estate transaction, call me!