Bridging Home Loans
A bridging loan is a type of short-term loan typically used when in the process
of selling one property and purchasing the next or when waiting for the
arrangement of longer term finance.
Advantages
-
Bridging loans can, generally, be arranged in a shorter period of time
-
Relatively little documentation is required to set up a bridging loan
-
Very useful when in the process of purchasing your next home whilst waiting for
your current home to settle
Disadvantages
-
Bridging loans are typically more expensive then conventional financing to
offset the increased risk of the home loan
-
Additional fees and costs can occur with a Bridging Loan which are amortized
over a shorter period of time
Bridging Home Loans
Mortgage House offers an extensive range of Bridging Home Loans, listed below:
Where to go from here:
|
