Loans Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Bridge Loan


A buyer of a new home may find himself or herself in an awkward position when he or she is unable to come up with the promised down payment on account of the existing home not being sold before closing on the new home purchase. This puts the deal to buy the new home in jeopardy. To emerge from this position, the buyer could avail of a bridge loan by which he or she can borrow against the equity in the existing home. The larger the equity in the home, larger can be the amount that you can borrow. The loan can be settled when the existing home is sold.

Considering the purpose for which a mortgage bridge loan is taken, the time period for which it is granted generally is short extending from six months to one year. The interest rate as well as the fees for obtaining home mortgage bridge loans is relatively high. This is so due to the short term nature of the loan. You don't have to pay interest until you have sold your existing home. On selling the home, the principal as well as the accrued interest can be repaid using the proceeds from the sale. It should, however, be noted that your gain on the sale is reduced to the extent of the fees paid to obtain the home bridge loan and the interest paid on the loan.

Home bridge loan strategies:

1) Borrow only against your current home. The loan can be obtained against the equity in your existing home.

2) Since the interest paid on a home bridge loan is tax deductible, ensure that you claim the deductible in your tax return.

3) It may so happen that you may not be able to sell your home before the loan becomes due. Therefore, ensure that there is a clause in the loan contract which allows you to extent the loan term, if required.

4) Also ensure that there is no penalty clause in the loan contract in case you are in a position to repay the loan before it falls due.

This article may be freely distributed providing no alterations are made to the text and the links remains intact.

Copyright © www.1st-onlineloans.com - All rights reserved.

For online loans & finance please visit us at http://www.1st-onlineloans.com


MORE RESOURCES:
Marriott workers' lawsuit says inconsistent schedules and credit union loans are a predatory mix  Philly.com

Hourly Marriott workers in Philadelphia are in the midst of a lawsuit against the Marriott Employees Federal Credit Union, saying that the credit union's $500 ...


All the Ways You Can Get Your Student Loans Forgiven  Lifehacker

With the average student loan balance hitting $29800 for the Class of 2018, you're probably looking for any help you can get paying off your debt. And if you ...


Quick Tip: Payday loans can cost more than expected  WLS-TV

Payday loans may sound like an easy fix but they could leave you swimming in debt. Here are some reasons why you need to be more careful than ever:.


Car Loan Delinquencies Reach New High  NPR

Economic pessimists seized on new data indicating an increase in car loan delinquencies as evidence of a looming recession, but a downturn is likely simply ...


Croatia central bank warns about risks of rising cash loans  Reuters

Croatia's central bank is concerned about a recent sharp increase in cash loans and may introduce measures to limit those risks, it said on Monday.


SBA Loans: December 2018  BizTimes.com (Milwaukee)

The U.S. Small Business Administration approved the following loan guarantees in December: Kenosha County D & A Fleming Properties LLC, 6127 Green Bay ...


No-interest loans help individuals, small businesses succeed in Cleveland  News 5 Cleveland

It wouldn't have been possible without a no-interest loan from HFLA of Northeast Ohio. Younger already owed a lot of money and other lenders likely wouldn't ...


NY Fed says auto loan delinquencies at highest point since 2010  WPTV.com

DETROIT (AP/WPTV) — Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the ...


Burden of student loans cause depression, problems for young adults  KCTV Kansas City

American student loan debt totals more than $1.53 trillion, according to the Federal Reserve.


How High-Interest Loans to Desperate People Built a $90B Industry  Fortune

About 12 million Americans use these high interest loans every year, both online and through about 16000 storefront offices.


The risky 'leveraged loan' market just sunk to a whole new low  Business Insider

This is why Mark Carney is comparing corporate credit to the subprime crisis of 2008.


Polito pays herself back $226,000 in loans from decades-old campaigns  The Boston Globe

With six figures in the bank and reelection in the rearview, Lieutenant Governor Karyn Polito paid herself back more than $226,600 in campaign loans shortly ...


Watchdog blasts Education Department for sloppy oversight of loan-servicing contractors  Washington Post

The Education Department's Federal Student Aid office has failed to keep watch over the contractors servicing its $1.4 trillion portfolio of student loans, a lapse ...


Expensive loans to desperate people built this $90 billion industry  GazetteNET

NEW YORK — During the recent government shutdown, U.S. Secretary of Commerce Wilbur Ross wondered aloud why financially stressed federal workers ...


Senator: Let's Take Student Loan Payments From Your Paycheck  Forbes

This U.S. Senator wants to deduct student loan payments from your paycheck.


More Americans are behind on their car loans than ever before  CNN

More than 7 million car loans were past due by at least 90 days in the fourth quarter, according to data released this week from the New York Federal Reserve.


Fight Substance Abuse, Get Your Student Loans Paid  Forbes

A federal agency will help pay down your loans if you commit to fighting substance abuse.


Why did your mortgage lender sell your loan?  Las Cruces Sun-News

If you've ever taken out a mortgage, there's a good chance the lender who made the loan to you sold it to another bank or investor. Why?


Senator Proposes Sweeping Student Loan Reform  Forbes

Senator Lamar Alexander (R) of Tennessee has proposed significant student loan reforms as part of the reauthorization of the Higher Education Act (HEA).


A GOP proposal could snatch your student loan payment right from your paycheck  MyTwinTiers.com

Student loan borrowers would have their monthly bills automatically deducted from their paychecks if a Republican-backed proposal becomes law.


Morgan Lewis Principal Weighs In On Payday Loan Debate  pymnts.com

As the CFPB has released an overhaul of payday loan regulations, Morgan Lewis Principal Nicholas Gess weighs in on the payday lending debate.


Elections Coming, Greece Will Subsidize Bad Mortgage Loan Payments  The National Herald

With Prime Minister and Radical Left SYRIZA leader Alexis Tsipras reneging on promises to help beleaguered homeowners during a more than 8 ½-year long ...


Trade War Update: China Exports Up, Loans Up And U.S. Investments In China Up  Forbes

Meanwhile, trade negotiations continue as China hopes to outlast Trump's tariff push.


This start-up is bringing fast home equity loans to your smartphone bank app  CNBC

Blend's *service* is the latest example of a tech start-up working with banks, rather than competing against them, to bring easier-to-use digital services to the ...


ECB Moves Closer to Global Dovish Shift as Coeure Mulls Loans  Bloomberg

The European Central Bank took a step closer to injecting *fresh* stimulus into the weakening euro-area economy as one of its top policy makers said discussions ...


China stocks jump on trade talk hopes, strong loan data  CNBC

SHANGHAI, Feb 18- China stocks jumped on Monday after trade talks between the United States and Beijing saw progress ahead of a March 1 deadline, and ...


US secured bond sales jump as red-hot loans cool  Financial Times

Corporate borrowers are following the flow of money away from leveraged loan funds.


FSA audit: Oversight of U.S. student loans lacking  UPI.com

The U.S. Department of Education's student loans unit failed to oversee and hold accountable the companies it pays to manage the nation's student loan debt.


Ex-Workers Get More Time to Repay 401(k) Loans  Kiplinger's Personal Finance

If you leave your job while you have an outstanding 401(k) loan, Uncle Sam now gives you extra time to repay it thanks to the new tax law.


Love, marriage, student loans and taxes; a trick combination  KOMO News

About 60 percent of recent college graduates borrowed money to pay for school, each graduating with an average of $28500 in debt. For those thinking about ...


Is this the way to curb student loan defaults?  Washington Post

Advocacy groups are debating the merits of automatic payroll deduction for student loan repayment as the Republican chair of the Senate education committee ...


DBS forecasts stable loan growth this year after record 2018 profit  Yahoo Finance

DBS Group Holdings Ltd, Southeast Asia's biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8 percent ...


Payday Loans Are No Worse Than Avocado Toast  Forbes

The CFPB is proposing es to rescind key provisions of its 2017 payday lending rule. Good. The old rule threatens to starve millions of hard working Americans ...


Here are some ways to pay off student loans, using other people's money  CNBC

You don't have to rely on just your paycheck for your student loans. Volunteering, apps and even some jobs could help you pay down your debt.


This New Program Will Pay $75,000 Of Your Student Loans  Forbes

There's a new student loan repayment program - and it can help you repay student loans to the tune of $75,000. Here's what you need to know. New Student ...


India’s Sleepwalking to Trouble on Builder Debt  Bloomberg

Generous loan terms, indolent construction and a lack of market discipline have shielded the nation's developers. That's changing.


Eyota council OKs EDA loans to help grocery store buyers  PostBulletin.com

EYOTA — No deal is done, but this one is inching closer to the finish line.


Son of Mozambique ex-president arrested in loans scandal  Financial Times

Loans financed tuna fishing fleet but funds diverted to kickback, say US prosecutors.


Americans getting behind on car payments: What it could mean  Detroit Free Press

Experts are raising concerns, especially for the Motor City, about the rising cost of cars and a weakening economy.


Bad loan manager Fire to boost assets as it considers IPO: CEO  Reuters

Italian bad loan investor Fire is looking to add 1 billion euros ($1.1 billion) in assets under management this year as it works towards an eventual stock market ...


This Company Will Pay Your Student Loans, But Here's The Catch  Forbes

Would you trade your vacation days in exchange for cash to help pay off your student loans? This Fortune 500 company is betting that you might. Here's what ...


GOP wants to grab student loan payments right out of your paycheck  Boing Boing

Republican Sen. Lamar Alexander has introduced a plan to completely upend the existing student loan payback system. How big is this plan? About 40 million ...


Personal loans 101: How they work and who can qualify for them  INSIDER

Unlike credit cards, personal loans offer a fixed interest rate, fixed repayment term, and fixed monthly payment. Read on to learn more.


Pa.'s FedLoan cited for 'failed-call rate' for student loans. US Education Dept. 'asleep at the wheel,' report says.  Philly.com

FedLoan's failure rate was 10.6 percent in April 2017, more than double the average of 4.3 percent for all services.


Car loan delinquencies: Record 7 million Americans behind on car loan payments  CBS News

Chicago — A new report on household debt finds a record 7 million Americans are at least 90 days behind on their car loan payments. Alana Frierson painfully ...


Federal government not forgiving student loans for Americans working in public service for a decade  KSHB

The federal government is not forgiving student loans for thousands of Americans working in public *service*.


Student loan debt in 'serious delinquency' hits $166 billion  New York Daily News

Student-loan delinquency rates accelerated last year, topping out at $166.4 billion in the fourth quarter.


Trump Promised to Blow Up the Rigged System. It’s Just Screwing People More Efficiently.  Esquire

There's an auto-loans bubble in Trump's America, and 7 million people are now caught up in it.


BoG chief convenes meeting over loan to gov't official | Kathimerini  www.ekathimerini.com

Bank of Greece Governor Yannis Stournaras has called an emergency meeting with officials from Attica Bank to discuss a controversial loan that was issued by ...


How to Manage Student Loans When Returning to School  U.S. News & World Report

Consider enrolling in or remaining on an income-driven repayment plan when returning to college after a break.


Club Loans Tommy McCabe to North Carolina FC  FC Cincinnati

CINCINNATI – FC Cincinnati have loaned midfielder Tommy McCabe to North Carolina FC. FC Cincinnati announced the signing of McCabe – along with four ...


Should You Refinance Your Federal Student Loans?  Forbes

It's a popular question on Google: "Should you refinance your federal student loans?" Here's what you need to know. Student Loan Refinancing. Student loan ...


America's Car Loan Debt Is out of Control and Getting Worse  Jalopnik

The sad truth about living in a country that has no real serious commitment to mass transit is that if you don't live in New York City, Boston, Washington, D.C., ...


How To Never Get Rejected For Student Loan Forgiveness  Forbes

You've read the headlines: 99.5% of people were rejected for student loan forgiveness. Here's what to do about it so you never get rejected for student loan ...


China to crack down on abuses by local ‘bad loan’ banks  Financial Times

Regulator wants bad-debt managers to focus on core business and avoid shadow banking.


IRS Says Loans Aren't Taxed, But Audits When Loans Are Income  Forbes

Can the IRS tax a loan? Say your uncle loans you $10,000 to tide you over, is it taxable income? No, it shouldn't be. What about when the bank loans you ...


Want a loan? Better not mention you’re a vegan  The Guardian

NatWest has apologised and paid compensation after a woman seeking a loan for a vegan nutrition course was told 'all vegans should be punched in the face'


Wall Street Sees No Evil as Junky Loans Surpass $1.3 Trillion  TheStreet.com

The Federal Reserve is sounding alarms on the growing risks from loans to companies with poor credit ratings. So are the International Monetary Fund, ...


Student Loan Interest Deduction: Eligibility and How to Claim It  TheStreet

You may be able to claim a student loan interest deduction that could lessen your taxable income based on a number of factors. What makes you eligible for it?


What You Need To Know About Refund Anticipation Loans This Tax Season  Forbes

The beginning of tax season can be a busy and anxious time for taxpayers - especially those who are waiting for their tax refunds. This is a particularly stressful ...


SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments  Economic Times

NEW DELHI: State Bank of India Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack.


Report takes aim at Texas auto loans, which top the nation  Houston Chronicle

It's a trope, but true: Everything is bigger in Texas, including the car loans. Texans borrow a nation-leading $6,520 per capita for automobile purchases, ...


My son's student loans are killing my retirement. What can I do?  NJ.com

You can cut your monthly student loan payments under certain circumstances.


Over 60, and Crushed by Student Loan Debt  The Wall Street Journal

Older Americans are struggling under the burden of student loans—their children's and their own.


Report: More than 60 percent of home loans in South Memphis ZIP code ‘underwater’  WREG NewsChannel 3

According to the report, at the end of last year, more than 60 percent of properties with home loans in 38106 were underwater.


Predatory loans offer tempting stopgap for federal workers missing second paycheck  NBC News

The repo man appears to be closing in on Karrie Wright and her co-workers at a hospital for federal prisoners in Missouri. That's because, for the second time on ...


DBS profit driven by loans as turmoil hurts wealth, trading - Business News  The Star Online

SINGAPORE: DBS Group Holdings Ltd. relied on lending to boost fourth-quarter profit as financial-market turbulence hit its trading, wealth and investment ...


What Credit Score Do I Need for a Home Loan?  Yahoo Finance

You can get a home loan with a surprisingly low credit score, but there's good reason to aim higher.Image source: Getty Images.


Boston Tech Watch: Student Loans, Google in Kendall Square & More  Xconomy

General Electric may have backed off its plans for Boston, but at least it's not leaving town. A student loan startup in Boston eyes help from Capitol.


Why ‘covenant lite’ loans are not the menace they seem  Financial Times

Risky debt market is dominated by contracts that have investor protections ripped out.


Consumer Protection Bureau Cripples New Rules for Payday Loans  The New York Times

Payday lenders won a major victory on Wednesday after the Consumer Financial Protection Bureau moved to gut tougher restrictions that were to take effect ...


Study finds student loans may help increase academic achievement in community college  Inside Higher Ed

A new study challenges the notion that student loan debt is bad for people attending community colleges and finds that borrowing may actually increase their ...


Beware: The Top 3 Student Loans Scams Of 2019  Forbes

Protect your student loans from these financial scams.


Seven Million Americans Delinquent on Auto Loans Could Be a Bad Sign  MSN Autos

Think about the impressive number that is $1.3 trillion. That's the total amount of auto-loan debt in the United States today, representing a $584 billion increase ...


Historic black church pays off loans of Howard University students | TheHill  The Hill

A historic black church in Virginia made a $100000 donation to help cover the student debt owed by 34 students at Howard University,


Young People Are Doomed by Student Loans, Not the National Debt  VICE

Rich old people love to freak out about the budget deficit. They are ignoring a much bigger issue.


Where has the money gone from 'Diamond' Joe Gutnick's loans?  Sydney Morning Herald

As he seeks to rebuild his fortune after bankruptcy, businessman Joseph Gutnick is being probed by the corporate watchdog over millions in loans.


Wilbur Ross says government employees should just get loans, but it's not that easy  CNBC

Here's the help major banks are offering to government workers affected by the shutdown.


Norway Sets Credit Limits for Booming Consumer Loan Market  Bloomberg

Norway stepped in to limit the growth of high interest rate consumer loans and credit card debt to protect the economy from ballooning household leverage amid ...


Witness: Mangano played key role in Singh's loans  Newsday

Edward Mangano played a key role as Nassau county executive in securing Oyster Bay's backing for millions in loans for Harendra Singh that prosecutors ...


Virginia House committee kills student loan protection bill  Richmond.com

Student loan servicers in Virginia will still not be licensed after a House of Delegates committee killed a bill Tuesday to regulate the companies.


For desperate Americans considering a payday loan, here are other options  MarketWatch

Consumers have many alternatives when it comes to payday loans — many of which offer lower interest and other benefits.


Consumer crunch: Banks set to crack down on credit cards, car loans  Sydney Morning Herald

Banks may make it harder for consumers to get car loans, credit cards and personal loans under proposed rules from the corporate regulator.


Witness: Singh loans were a 'sham and not legal'  Newsday

Jonathan Sinnreich, who served as Oyster Bay's outside counsel, said he objected in 2010 to helping the deputy town attorney draft amendments to two of ...


Government loans helping north Simcoe businesses get started  Simcoe.com

Group of local businesses can thank North Simcoe Community Futures Development Corp. for helping them get off the ground.


Warnings over leveraged loans are not mere fear-mongering  Financial Times

New dangers emerging in the credit markets should not be dismissed.


Interest-free loans of Rs 1 lakh to farmers  Times of India

Dehradun: The state government announced interest-free loans of upto Rs 1 lakh for poor and small farmers in the Rs 48663-crore budget for 2019-20 pr.


What to Do About a Surprise Student Loan Bill  Lifehacker

If you've paid off a student loan, you know how euphoric it feels to send in that last payment. You're so happy to be free from the loan's weight you might throw a ...


Forget taking out a student loan. Purdue University has come up with a new way to pay for college  CNBC

Purdue University says it is the first four-year institution in the country to offer an income-sharing agreement, or ISA. Under Purdue's Back a Boiler program, ...


Here’s Why So Many Americans Feel Cheated By Their Student Loans  BuzzFeed News

A social and financial divide is forming — between those who have student debt, and those who do not — that will have ramifications for decades to come.


Stryker, Quicken Loans on 'Fortune' list of best companies to work for  MLive.com

Several Michigan companies are on Fortune's 2019 list of the best places to work. The annual list released by the business magazine is based on feedback from ...


China's Oil-Backed Loans to Venezuela Appear Headed for a Haircut  The National Interest Online

Venezuela is now gripped by an acute political crisis as President Juan Guaidó's government—officially recognized by the United States, most of the European ...


China’s private firms going bankrupt after guaranteeing others’ loans  South China Morning Post

Banks reluctant to lend to non-state sector without a guarantor, so cross-guaranteeing is common and one bad loan can trigger multiple defaults.


Stretching Your Dollar: New student loan proposals could impact your paycheck  WTOL

Student loan debt is a growing problem in this country.


Direct Lending Fund Suspends Withdrawals After Big Loan Goes Bad  Bloomberg

Direct Lending Investments, which had $758 million in assets in November, said it suspended withdrawals and redemptions from its funds after a borrower ...


Barça secure €140m in US loans  SportsPro Media

Spanish soccer giants Barcelona have secured €140 million (US$158 million) in loans from two US investment funds, according to Spanish daily El Pais.


TSP will allow participants to take loans during next shutdown  Federal News Network

The Thrift Savings Plan will allow its participants to request a loan during future government shutdowns, giving federal employees a potential option to alleviate ...


Why You Shouldn't Take A 401(k) Loan  Forbes

It's awfully tempting. You see that money in your 401(k) plan account just sitting there. And you think of all the possible uses for it. Why not take a loan? You will ...


Prominent Republican wants to take student-loan payments out of your paycheck  MarketWatch

Senator Lamar Alexander of Tennessee floated the proposal as part of a speech outlining reforms to the student-loan system.


Go into debt to pay rent? California startup finances your rent with high-interest loans  The Mercury News

Domuso offers loans to tenants struggling to pay move-in costs or monthly rent, with an average interest rate of 27 percent.


home | site map
TIGER MEDIA© 2006