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Save Bridge Loan Agreement in DOC

Save Bridge Loan Agreement in DOC

Aug 6th, 2022

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How to Save Bridge Loan Agreement in DOC

4.6 out of 5

38 votes

Jenova from BTSfunding discusses bridge loans, which are short-term financing options typically lasting 6 to 12 months. Unlike conventional mortgages, bridge loans have higher interest rates ranging from 6 to 12 percent and are generally interest-only during the loan term. For example, with a nine-month bridge loan at an 8 percent interest rate, the borrower pays only the interest for that period. This type of loan is beneficial for those looking to quickly flip a property and make a profit within the term of the loan.

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