Similar to last year, EstateGuru made a charitable project at Christmas to help the least privileged families. The Nida bridge loan helped fund buying Christmas gifts for children that are raised as orphans by their grandparents.
On the current real estate market, it is quite hard to achieve a situation where it is possible to use the funds gained from the sale of a property immediately with the goal of financing the purchase of new real estate. It is common that the dates just don’t match and the sale of the old property takes more time than predicted. An even more difficult situation occurs when a person wishes to buy a new property before the sale of the old property is completed. In this situation, it is wise to use a bridge loan to cover the gap between the two dates and find a solution. This article will give further details about the uses of a bridge loan. Continue reading “When to use a bridge loan?”
It is safe to say that most of life nowadays revolves around money. There is an increasingly large number of people who live their lives from paycheck to paycheck, using their wages to pay taxes, interest payments, mortgages, car payments, utilities and so on. Paying all of these on time is a responsible way to make sure that everything works as it should without unfortunate surprises. When raising funds from EstateGuru’s investors, borrowers take huge responsibility to make sure that everything is paid back to the hundreds and hundreds of engaged investors. Now one might question, why do some of the borrowers who raise money through the platform, leave their payments late? Continue reading “Why do some borrowers make late payments?”