A bridge loan is used to help you buy a new home until you sell your old home. Once your old home sells you payback the bridge loan. With a regular loan you have to begin paybacks right away with monthly payments.
The above answer is incorrect in that with a bridging loan you have to make a monthly payment as soon as the loan starts. Rates can be as high as 2% a month above base rate
Bridging loans are not cheap, but they are a great option if you need to buy a property before you sell another or have the funds to complete.
how does a construction loan work to bridge it to a VA. loan?
buy some loan from bank
Interest remains the same over life of loan
a loan is about 200 000 well depends how rich you are and wat you work on
Your loan officer is your personal guide throughout the mortgage process. He or she will help you to identify your needs, select a loan program, complete the application process, offer advice and answer any questions you may have. Also referred to by a variety of other terms, such as lender, loan representative, loan "rep," account executive, and others. The loan officer serves several functions and has various responsibilities: they solicit loans, they are the representative of the lending institution, and they represent the borrower to the lending institution.
how does a construction loan work to bridge it to a VA. loan?
Like the regular joints
Rependo
it all depend on who you are dealing with, but i think if you really need a trusted person then contact(globalsolutionagency@gmail.com) i guess they will be of a great help to you. it all depend on who you are dealing with, but i think if you really need a trusted person then contact(globalsolutionagency@gmail.com) i guess they will be of a great help to you.
A vehicle loan calculator helps you to work out your monthly repayments. You choose the vehicle value or loan amount and the length period of the loan. Then the calculator will work out your monthly payments.
it hangs the bridge
No. In the 1740s, the lower level was enlarged to be used as a road bridge. It was the last important work on the bridge. The Pont du Gard aqueduct underwent regular renovations, but was not rebuilt in the 1800s.
buy some loan from bank
It depends what type of financing you qualify for. You can get a loan if it is an owner occupied residential home from your bank . if you need private financing you are probably looking at a rehab hard money loan. A direct lender like bridge loans lenders would work.
Interest remains the same over life of loan
by a bridge
a loan is about 200 000 well depends how rich you are and wat you work on