Posted by admin | Aug 1st, 2009
Listed below are some of the reasons for choosing a bridging loan. A bridging loan is a short term mortgage which is secured by your property. This is usually arranged by getting a mortgage on the new property, and taking out a second mortgage on the property being sold.
In effect, this type of lending is a kind of mortgage. It is secured on your home, but without the low interest rates usually associated with...