Save Time With a Bridge Loan
Why You Need a Bridge LoanYou have to move fast in todays housing market if you want to get into the home of your dreams. In cities such as Seattle or San Francisco its not uncommon for a buyer to receive half a dozen offers within the first day or two after putting the house on the market.Unless ...
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Bridging Finance Basics
Bridging finance is a short-term loan that is used as a way to provide funding for the purchase of a new property while the borrower awaits the sale of an existing property. Unless all the stars are in perfect alignment, its tricky to coordinate the sale of one property and the purchase of another ...
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Crossing the Gap from this Home to the Next: Bridge Loan
So youre thinking of getting into a bigger house. You call up the real estate agent and make an appointment to go see what the market has to offer. Then you find it, the perfect move-up home. Its everything youve ever wanted in a home unless your married, in which case its everything your wife ...
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What is Bridging Finance?
Once you understand what the term, Bridging Finance means, its easy to understand how it got its name. The purpose of a bridging or bridge loan is to provide short term cash for a real estate transaction until permanent financing is secured. Bridge loans are commonly used to bridge the cash gap ...
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Understanding UK Bridging Finance
Bridging finance, also referred to as "bridge loans" and "bridging loans", have nothing at all to do with re-constructing the London Bridge. Bridging finance is typically a short-term loan that a business uses to supply cash for a real estate transaction until permanent financing can be arranged. ...
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What is a Bridge Loan?
A bridge loan, which can also be called a hard money loan, is a short-term loan that is used until a person or company can secure permanent financing. Basically, they "bridge" the gap between today's need for immediate cash to pay bills and the final closing of a pending investment deal or ...
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Bridge Loan
A buyer of a new home may find himself or herself in an awkward position when he or she is unable to come up with the promised down payment on account of the existing home not being sold before closing on the new home purchase. This puts the deal to buy the new home in jeopardy. To emerge from this ...
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Buying a Home? Don't Get Saddled with Two Mortgage Payments
I have a lot of friends and family who are currently buying houses. Many of them have had a problem with timing. In other words, they buy a house and sign a contract that says that they have to pay the seller in 30 days. (Incidentally, it's never wise to go less than 45 days.) Now, it takes two ...
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Bridge Loans: Everything You Wanted To Know
As the name implies, bridge loans fulfill a vital need for active developers by giving life to a new project in the months before lenders feel confident enough to make available a construction loan, or a repositioning loan in the case of an existing project. But real estate bridge loans have other ...
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Why a Mortgage Professional Beats a Banker Every Time -- The Story Tells It All
The best way to explain why a mortgage professional is always better than a banker is to use an anecdote. My parents lived in the house I grew up in for 35 years, so it was finally time to move. They found a home they liked, made an offer, and signed a purchase agreement. After conferring with me ...
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