What Is A Gap Loan

Will your insurance pay off your auto loan if your vehicle is deemed a total loss? Gap insurance is available at Pen Air.

How Does A Bridge Loan Work When Buying A Home Bridge Loan For New Construction The Differences Between Bridge & New Construction Loans. – Bridge vs. New Construction is a comparison of two types of hard money loans that both serve real estate investors and developers. Both loan programs function as financing tools to acquire a piece of land or structure for investment purposes.

The gap insurance is part of your auto loan so I am not sure what your question is. Gap insurance covers your car if you total it and the fair market value for your car is below what you owe.

Gap insurance pays for the difference between the value of a car at the time it’s totaled or stolen and the balance of its loan or lease. Though it seems to refer to that difference, "gap.