Question 6 (2 points) Which of the following is NOT true about bridge loans? Shorter term than a permanent mortgage. Typically longer closing on acquisition. Typically higher interest rate than a permanent mortgage. Typically interest only. Question 7 (2 points) Which of the following is NOT one of the reasons a real estate investor would choose to borrow? It enables the investor to diversity across multiple investments. Increase potential returns on equity. Tax benefits. 12 Increase the standard deviation of expected returns