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This is a temporary loan which allows a buyer to complete the purchase of a new property while selling the existing property.
Normally the existing property should be sold within a 12 month period.
This facility is also useful for borrowers who
want to finance the building of a new home while still living in the old one. The main advantage of a bridging loan is
its quick and you can get the money you need in order to move ahead with the purchase of your new home. However, as
always there are disadvantages, the main one is usually a higher interest rate applies, since Bridging Loans tend to
be of a higher risk for the lenders.
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| Take advantage of our free consultation services. We will come to your place of convenience whether being at home or office. | | | At RN Mortgage Zone, as an appreciation for all the support we received from our valued clients, we would like to take the opportunity to announce our special for this year. Nil application fee for all new home loans in 2007. This offer is available until further notice.
Thank you for your patronage. | | | | |
