Bridging Finance Funding
How does bridging finance work?
Property bridging finance is a type of loan that allows the borrower to bridge the gap between the time it takes for their property to be sold and the date they receive their first mortgage payment. The property is usually used as collateral for this loan, which means that if you default on your repayments, your lender can use your home as security to get back any money thatÕs owed.
What does bridging finance cost?
How does bridging finance work?
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Bridging finance is a common method for financing real estate projects. This method involves borrowing money from a bank at an interest rate of three percent, and then paying back the loan with your property taxes. You can also get a second mortgage on your house to pay off the first one if you want to.
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What is Property Bridging Finance
