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.
The Funding Process for a Mortgage. A mortgage loan is an arrangement in which a lender provides a borrower with money; the loan is secured by real property--a house--and paid by the borrower in installments over a designated time period. Whether you are purchasing a home or refinancing an existing home loan, the funding process is essentially the same.