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[quote=Anonymous]Two questions follow:

I've just been pre-approved by my lender for a loan to purchase (direct sale) a house from some frineds.  That said, I'm in the process of putting my current house on the market and hope it moves fast so I can close in a few weeks if not sooner (crossing fingers!).  With that said, and for whatever reason if my hosue doesn't move as fast as I'd like I'm composing a letter of intent to purchase their house.  I realize this letter of intent in non-binging, nonetheless I'd appreciate feedback/recommendations on what to include in the letter of intent.  I do not want to make the purchase of their house contingent on the sale of my current residence.  Other than that, any recommendations that I should include to magnify my seriousness/commitment to purchase their house is appreciated.

Also, I've just started to look at possibly getting a bridge loan. Does anyone know or can anyone recommend a good carrier that offers this type of loan?  Also, any items to be on the look out for re: bridge loan?  Range of interest rates (%) for such a loan?

TIA[/quote]

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