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“The new facility decreases our borrowing costs, provides increased operating flexibility and significantly extends our debt.

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Click to share on Twitter (Opens in new. the home or convert it to a rental property. If you are a couple looking to raise a family in that home, stating that intention in the letter could appeal.

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To finance a new home purchase; A bridge loan can be structured so it completely pays off the existing liens on the current property, or as a second loan on top of the existing liens. In the first case, the bridge loan pays off all existing liens, and uses the excess as down payment for the new home.

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The portfolio is made of loans. New York, with each state claiming that the company’s rent-to-own business model is actually a scam designed to prey on low-income individuals who want to buy a home.