Comments on: The Ins and Outs of Bridge Loans http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/ personal finance tips, tricks, and commentary Sun, 22 Nov 2009 03:39:46 -0500 http://wordpress.org/?v=abc hourly 1 By: John Wilks http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/comment-page-1/#comment-77770 John Wilks Wed, 16 May 2007 20:50:23 +0000 http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/#comment-77770 Let's not forget the ever so popular Prosper.com loans. Some can be as low as 7.5% while some as high as 29%. -Wilks Let’s not forget the ever so popular Prosper.com loans. Some can be as low as 7.5% while some as high as 29%.

-Wilks

]]> By: RS http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/comment-page-1/#comment-2767 RS Fri, 31 Mar 2006 19:52:39 +0000 http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/#comment-2767 Good post Nickel...I had actually always wondered how this worked. I thought that people just had to time it perfectly. We paniced when we sold our last house and did it about 9 months too early. So, we had to live in an apartment for those 9 months until our new house was built. Good post Nickel…I had actually always wondered how this worked. I thought that people just had to time it perfectly.

We paniced when we sold our last house and did it about 9 months too early. So, we had to live in an apartment for those 9 months until our new house was built.

]]> By: Making Our Way http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/comment-page-1/#comment-2680 Making Our Way Thu, 30 Mar 2006 03:44:09 +0000 http://www.fivecentnickel.com/2006/03/29/the-ins-and-outs-of-bridge-loans/#comment-2680 Nickel, Good point to bring up bridge loans. I've had to arrange such myself. It works out well if you can obtain reasonable terms. Often the best bridge loans I've been able to make were with private sources (individuals) where I secured the loan against the equity in my current house. It was a very enticing option for private individuals during the period of low interest rates and still might be if you're willing to pay something higher than the current interest rate basis. I suppose relatives may also be sources for loans secured against your old house. Renewal terms should of course be easier to obtain. Regards, Making Our Way Nickel,

Good point to bring up bridge loans.

I’ve had to arrange such myself. It works out well if you can obtain reasonable terms.

Often the best bridge loans I’ve been able to make were with private sources (individuals) where I secured the loan against the equity in my current house.

It was a very enticing option for private individuals during the period of low interest rates and still might be if you’re willing to pay something higher than the current interest rate basis.

I suppose relatives may also be sources for loans secured against your old house. Renewal terms should of course be easier to obtain.

Regards,
Making Our Way

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