What Is a Bridge Loan? A bridge loan is a short-term loan. The period of a bridge loan is anywhere from 2 weeks to 3 years. The term bridge loan derives its name from the fact that the loan acts as a "bridge" between the stages of financing for a company.
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Mortgage rate cuts not automatic for all borrowers at all banks Discount mortgage rates paid by most borrowers are already well below standard variable mortgage rates Some of the big four rate cuts take effect this week, others are nearly a fortnight away However, even if your bank has publicly promised to pass on this month’s Reserve Bank rate cut, it may not automatically apply to you.
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