Thursday, November 01, 2007

Don't waste opportunity or money. Use bridging finance

Bridging finance

What exactly is bridging finance? Bridging finance are used when you have need of fund now or in the very near future while waiting for come cash inflow in the further future. A good example is when you sell a house or other properties. The proceeds does not come to you immediately as normally as there are formalities that need to be completed such as getting a court order to sell the property if you happened to be a trustee for some properties for some beneficiaries, or for the transfer of the title to the new owner to be completed, etc. In the meantime, you may have come across a great investment opportunity which cannot wait for the proceeds of the sales to come through. Because you can't get your hands on the sale proceeds, you may have wasted a great investment opportunity. However, with the availability of bridging finance, you can get that bridging finance to put your down payment or perhaps even full payment for that great investment opportunity. By using bridging finance, you would thus not have wasted on that great investment opportunity.

Bridging finance are often used by developers of new properties who need cash to proceed with the development, but will only be paid when the properties are completed. Without bridging finance, the developer is stuck and cannot proceed with the development as he does not have the funds at hand. With bridging finance, he can proceed with the development and when the properties are completed, and the purchasers have paid for their completed projects, the developer will then have the funds to repay the bridging finance plus some left over as his profit. Profit making opportunities are thus not wasted by the developer because of the lack of fund.

Other examples are when you enter into a contract to purchase a property. The payment is due, but for some reasons, your funds may be tied up. Thus when you are unable to make the payment on the due date, you lose your deposit plus the property. If you are confident that the funds will eventually be available, you can apply for bridging finance to make the payment on or before the due date and not lose your deposit or intended purchase.

If you are in such a situation, and you happens to resides in South Africa, you have Smartbridge to turn to. Bbridgebond says they offers bridging finance and homeloans to the public with the lowest finance rates in South Africa plus they say they are fast and a applicant can be paid out the same day if all paperwork is complete and in place.

With the amazing Internet, you can have the convenience of filling in an application form at home at Bridge Bond online Home Loan Application. Truly ZERO WASTE. No waste of time, no wast of paper, environmentally friendly, no burning of precious depleting fossil fuel driving around to search for a suitable provider of bridging finance, spewing off green house gases and thus not contributing to global warming, zero wastage of investment opportunity or hard earned money in the form of deposit forfeited. What more can one ask for?

There is an almost similar online application form at Bridge Bond: switch a bond Application, but it looks pretty similar to the one above. What is the difference, I don't know. The only difference I could see is that the first one says "Home Loan Application" and the second one says "switch a bond Application". The rest looks the same to me.

If you are in South Africa and in need of bridging finance and want to strive to achieve ZERO WASTE, maybe you should fill in both and see what happens.