Not familiar procedures banking and want to have more on the bridge loan , this formula loan that allows you to purchase a new property before selling the old one.
A bridge loan is neither more nor less than the advance given to a bank to its customers, with funds to be received and which will repay the advance.
What is the amount of credit over? How do we pay interest? What happens if there is difficulty in resale as in these times of housing crisis?
The French Banking Federation publishes online here a guide to help you understand the operation of this type of loan.
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