Face No More Financial Hurdles With Bridging Loan
Bridging loan is known for its quick financial assistance that is when the borrowers need it the most. Usually, it is used for completing property deals. But, it can also be used for buying a car, investing in business or any other personal purpose.
Bridging loan is secured against the property which is sold (whose cash has not been realized yet). So, the person is suggested that he must try to make timely repayments because failure of making timely repayments can put the asset or property on risk.
One of the most important ingredients of bridging loan is interest rate. Interest rate varies from person to person. Being the product of short term market fund, they carry bit high interest rates which are competitive in the financial market.
Repayment period in bridging loan depends upon the amount being borrowed. It is suggested that the person must try to repay the loan amount as soon as possible because; delay in repayment of loan can result in accumulation of huge interest.
There are various factors which the lender takes into account while approving the loan amount. Some of the points are:
• Value of the property
• Income flow
• Financial position
Bridging loan can be availed by both type of credit scorers that is good credit scorer and bad credit scorer. Usually, it is seen that bad credit scorer are offered with high rates. But, they can also avail loan on competitive rates through research and comparison. Along that, there are many lenders in the financial market who are ready to offer bridging loan to bad credit scorers at competitive rates.
Related Tags: personal bridging loan, bridging loan, commercial bridging loan, residential bridging loan
Eva Baldwyn aims to inform common men and women of the several issues involved in personal loans and mortgages through her articles. An MSc in Economics & Finance from the Warwick Business School is proof enough of the knowledge that she possesses in the field of finance. To find bridging loan, commercial bridging loan, residential bridging loan, personal bridging loan, short term bridging loan, development bridging loan visit http://www.easybridgingloansuk.co.uk
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Understand The Fha Guidelines Before Considering Fha Mortgage
The U.S. economy was hit hard by the global financial meltdown. In the housing sector, the crisis is - Basic Facts About Multifamily Apartment Construction Loans
When you make an investment, you surely think of getting something out of it to make the deal profit - Commercial Mortgage Refinance Loan - Ideal Solution For Financial Problems
Financial security is something which we have to plan from before. In life, there is no certainty wh - Free Government Grant Money Eligibility Requirements
All of us hear about free government grant money. But what is involved in obtaining this money? What - Top 10 Tips On Buy To Let Mortgages And Property Hunting
If you are looking for an opportunity to invest your savings or any money you have come into, there - A Few Tips On How To Stop Foreclosure
In case you are facing certain financial catastrophe caused by a loss or relocation of a job, or wha - How To Stop Foreclosure And Lose Your Residence To The Bank
In today's market, there are more and more citizens that get big loans then they use their home as a - Most Excellent Way To Stop Foreclosure - The #1 Blueprint For Saving Your Home
Just what is the best measure to stop foreclosure? No doubt you are browsing for an answer to that q - Act Fast To Stop Foreclosure
If you would like to find out how you can put a stop to foreclosure, there is not much to accomplish - Tips For Buying A Home With No Money
There is a popular belief that you can only buy a home if you have great credit. This is false becau
Most viewed articles in this category:
- Mortgage Refinancing - Rate Caps Protect You When Refinancing With an Adjustable Rate Mortgage
Adjustable Rate Mortgages can save you money when mortgage refinancing if you fully understand how t - 100% Mortgage Loans: What You Need to Know
Coming up with a 20% down payment can be a difficult task for many potential homebuyers. If you are - Home Equity Loan Pitfalls
The home equity loan came of age in 1996 when changes in the tax law eliminated deductions for the i - Mortgage Refinancing: How the Fannie Mae Weekly Yield can Help You Comparison Shop
Mortgage refinancing without knowing Fannie Mae's weekly yield is like buying a used car without kno - How to Pay Off Your Mortgage in 7 Years, Without Extra Payments
One of the most exciting new topics concerning wealth is “How to Pay Off Your Mortgage in - Mortgage Rate Comparison
Trying to get an "apples to apples" mortgage rate comparison can often be quite a hassle. Traditiona - Should I Pay Off My Mortgage Early?
Many people think that real estate debt is good debt. They think that their mortgage is their bigges - Mortgage Refinancing: Beware the Mortgage Vultures
If you are in the process of mortgage refinancing you need to be wary of overpaying for your loan. - Mortage Loans - How Much Does It Actually Cost In The End
Mortgage loans are the loans used to finance most people's first home. It is the big loan that ever - Where To Locate Home Improvement Loan Companies
Where to locate home improvement companies is a question that arises from many different people. Som