On the other hand, a 30-year fixed rate could also result in a slight disadvantage for 30-year fixed-rate mortgage borrowers. The overall interest rate on a 30-year fixed-rate mortgage is much higher because of the longer amortization period. Additionally, because 30-year fixed-rate mortgage payments typically pay interest at the beginning of the loan term rather … Read more
A Bridging loanalso known as Bridge Financing, is a short-term financing option that helps borrowers transition between two financial situations, such as purchasing a new property before selling an existing property. These loans are designed to “bridge the gap” by providing temporary financing until permanent financing is obtained or an asset is sold. Main characteristics … Read more
A Basic Construction Loan is a specialist financing option designed to finance the construction of new buildings or properties from scratch. These loans provide the capital needed to purchase land (if not already owned) and cover construction costs, including materials, labor, permits, and other associated expenses. One of the hundreds of testimonials we received from … Read more