Want to sell my flat using a Bridge Loan?
December 6th, 2009
I work as a Associate Professor. I bought a flat taking loan from a bank long ago. Now I want to sell this flat but the documents are still with the bank as still some amount is pending. Can I get a bridge loan so that i shall pay the balance amount to the bank and get the documents. After selling the flat I shall repay the bridge loan. Please help me on this.
Quick Property Sale
Well If you have money problem and u want loan. some days before my friend having very bad financial crises so while he was searching on Internet for Bad credit loan he found a site which contain link for Geniune lender for Bad credit Loan. He checked all 8 links in that each link offer different interest rate and repayment time.
My Friend got loan of 25000$ for 15 years on 3% interest rate which should be payed annually.
Well you go to
Dixiloan.com
then go to Personal loan or Bad credit loan according to ur credit score
Check all 8 links in that in search of lowest interest rates.
Take Care
Bye!
I don’t understand why that is a problem. All of that will be handled during the closing of the sale paying off your mortgage and transferring the documents to the correct party.
No need to avail bridge loan.
You can fix a seller, get and advance and ask him to proceed with his processing loan. Give him a letter obtained from your bank about the pending loan amount.
The purchaser’s lending bank will directly pay the outstanding to your bank and make balance payment to you.
Alternatively if the outstanding is very low, your advance received from the prospective buyer will be sufficient to repay.