Bridging loan
The continued indebtedness of Spanish families, mainly by increasing the cost of housing and skyrocketing interest rates on mortgage loans, has led to the emergence of myriad financial products to meet these costs, resulting in profit (commissions , Opening and cancellation) for boxes and benches. The bridging loan is one of them, and characterized it allows obtaining the necessary financing to buy a home, usually on the plane, unsold which inhabits so hasty. This money is intended primarily to finance the cost of reserve and others who have performed prior to the signing of the scriptures. The main novelty is that it is a personal credit obtained as a temporary financing to be canceled and passed mortgage done with the delivery of the new house. At that time also tends to increase its amount and the repayment term. While it may be the solution for many families, before engagement should be noted that it is a complex operation for most users, who are advised to seek advice, compare offers and test their bargaining skills to be able to agree on conditions more advantageous.