Bridge That Financial Gap: Bridging Finance Loans


Bridge That Financial Gap: Bridging Finance Loans

A bridging loan is a short-term loan used to cover the gap between the purchase of a new property and the sale of an existing property. Bridging loans are typically used by individuals who need to move quickly to secure a new property but have not yet sold their existing property.

Bridging loans can be a useful tool for homebuyers who need to move quickly, but they can also be expensive. Interest rates on bridging loans are typically higher than traditional mortgages, and there may be additional fees associated with the loan. It is important to weigh the costs and benefits of a bridging loan carefully before making a decision.

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