Posted by Batool Shamim on August 17, 2011 ·
Bridge loans are useful when a home buyer is buying another home before selling an existing home. Funds from the bridge loan are then used to buy a new home before selling current one. Bridge loans are meant to be short-term loans; most are expected to be paid back within few months. Before considering the option of bridge loan one should think about other options if available as high interest rates on bridge loan and short time period can cause stress.
Posted by Batool Shamim on March 16, 2011 ·
IOU or I owe you note is an informal note that is written in the event when you lend any item or money to anyone. This note can be written in few minutes, as it is easy to write and does not involve legal practices.
