Not exact matches
In general, bridge loans are granted based upon the
value of the property that serves as
collateral rather than on the credit score
of the borrower.
And
rather than having to move certain segments from an indexed fund to the fixed account, variable net cost loans are available which allow crediting from index strategies to be applied to the portion
of the cash
value being used as
collateral.
Collateral assignment secures a loan in case
of the borrower's death, using the face
value of the policy (
rather than accrued equity, as is the case with whole life insurance).
Collateral assignment secures a loan in case
of the borrower's death, using the face
value of the policy (
rather than accrued equity, as is the case with whole life insurance).
And
rather than having to move certain segments from an indexed fund to the fixed account, variable net cost loans are available which allow crediting from index strategies to be applied to the portion
of the cash
value being used as
collateral.
Rather, they are more interested in the
value of your home as
collateral.
With these loans,
collateral rather than credit score forms the basis
of the loan, meaning that the funds you need can be secured based upon a percentage
of the
value of the
collateral you can offer.