A bond is a safer investment than stocks for short-term savings, but it still has risks: The borrower could default, and when interest rates rise, bond values typically go down.
And that financial panic can send the most unexpected client to a predatory lender for a short-term handout with interest that’s legally allowed to be as high as 175% annually. have been making.
An end loan is used to pay off short-term interim financing because it generally has a. but the construction loan often carries high interest rates, as lenders consider them more risky than a.
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