| More often than not, cash shortages occur | | | | Two types of residential bridging loan are |
| while buying a newproperty. You don't have | | | | availabledepending on the status of the |
| sufficient fund to strike a new deal and | | | | property deal. You can get a close |
| theopportunity seems to slip out of your | | | | endresidential bridging loan if you have |
| hand. You also intend to sell an | | | | already sold your property. In case youare |
| existingproperty but searching for buyers. | | | | still to sell the existing property, then the |
| Residential bridging loan comes to yourrescue | | | | residential bridging loanwill be an open |
| in situations when you are short of money. | | | | ended one. |
| | | | |
| Residential bridging loan is a secured loans | | | | Being a short term loan, residential bridging |
| where avaluable like home, land, estate, | | | | loan hasslightly higher rate of interest. But |
| commercial and residential property has to | | | | the best thing about this loan is that itis |
| bekept as collateral. The new property you | | | | an interest only loan. You have to pay only |
| intend to buy can also act ascollateral. The | | | | the interest during the tenureof the loan and |
| loan amount depends on the equity of the | | | | the principle amount can be paid at any |
| collateral pledged. Aproperty with a very | | | | convenient time or whenthe deal is finalized. |
| high equity can fetch a very large amount of | | | | |
| loan. | | | | To get residential bridging loan at cheap |
| | | | rates youcan go online. You can ask for |
| The repayment term of residential bridging | | | | quotes from numerous lenders available |
| loan is veryshort ranging from 1 to 12months. | | | | andcompare them. You can also make use of |
| Within this stipulated time period you have | | | | loan calculators to estimate the cost ofthe |
| to sell your existingproperty and pay back | | | | loan at the end of the term. This way you |
| the loan. | | | | will be able to find rationaldeals to fulfill |
| | | | your desires. |