bridge loan to have positive and negative …?

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for a house. Bridging loan interest is higher than regular rates for mortgages?

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  1. Reply
    impactseosem
    May 3, 2011 at 3:54 am

    Yes. Bridge loans are often the last resort loan for a home loan but sometimes the only resort if the Borrower has credit issues. Rates are usually 9-14% and lenders charge discount points of 3-6% with a term of usually 6 months to 3 years. Bridge loans are often used as a financing source for investors, flippers and developers since the rates are usually cheaper than equity partnerships where they have to split the profit with an investor. You can go to http://www.golendershopping.com they allow you to submit and get up to 3 hard money lenders quotes.

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